We're seeing a nice rejection off a critical zone on GBPAUD. Long term swing down to complete this harmonic patter 1:5 risk to reward.
Price may come back up to retest the high and create a double top off this zone before shooting back down.
Price may come back up to retest the high and create a double top off this zone before shooting back down.
Comment:
additional confluences- price broke the daily ascending trend line . The pull back is a retest. Price is also forming the right shoulder of a HNS
Comment:
consolidation here to accumulate volume. For anyone who hasn't gone in this is a nice triple top for an entry with low risk and high rewards.
Trade active:
buyers are exhausted. We should see a nice drop coming this week or next week. Let's see how this weekly candle closes by friday
Trade active:
