TraderRadeau

GBPAUD reversal downward

Short
FX:GBPAUD   British Pound / Australian Dollar
My analysis is simple, as you can see on my chart, a double top pattern has been formed on the H1 time frame, which means there is a trend reversal from uptrend to downtrend.


Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
Comment: The main movement on the weekly time frame, looks like it has passed the retrace phase at 61.8% Fibonacci Retracement (Golden Ratio), and then it is moving down now.

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