GBPAUD 2H
The price in timeframe of 4h, has a pattern of inverse triangle (formation in expansion) (pattern of continuation of trend).
The price within the expansion formation, you have respected, we are now looking for a sell entry until the last low formed in the inverse triangular pattern.
The price moves within a new downtrend formed, respecting the downtrend line as resistance.
The price has broken the uptrend line, forming a pullback to 61.8% fibo.
In 15m the price has broken the correction and has already formed the pullback at 61.8% fibo.
The price in timeframe of 4h, has a pattern of inverse triangle (formation in expansion) (pattern of continuation of trend).
The price within the expansion formation, you have respected, we are now looking for a sell entry until the last low formed in the inverse triangular pattern.
The price moves within a new downtrend formed, respecting the downtrend line as resistance.
The price has broken the uptrend line, forming a pullback to 61.8% fibo.
In 15m the price has broken the correction and has already formed the pullback at 61.8% fibo.