GBPAUD short from this levels could be very profitable trade because this historical resistance would not be broken in the first run. So short to 1.9550 is a good summer trade.Keep in mind good SWAP also.
A vicious Gartley pattern which is accompanied by a Butterfly at the upper range of the channel points to a bearish move which will put and end to a multi-month rally, at least temporarily.
Good luck,
Right - This pair has been in a steady uptrend pattern since September last year respecting the upward trendline beautifully. However since February this year we've seen successive lower high's being formed, whilst still respecting the upward trendline.
The formation of this rising triangle means we could we a break to the top or bottom, however given the...
