Inverted Cup and Handle in GBPAUD

Ryan_lopes Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.

As we can see that there is an inverted cup and handle chart pattern. Cup has been formed if the pair makes the handle one can wait for the handle to form and then take a sell call. If, however, the pair doesn't form the handle then one can take a sell call as it is in sell trade as per our analysis.

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