this is a confused head and shoulder pattern , there is also the same pattern on Eurusd , the steam is running of and there might be a big reversal time , waiting fundamentals to complete patterns or ignore them and continue bullish
as we seee the head and shoulder pattern formed on Eurusd if price broke the neck line it will heave a retest and its the same range the pair retested before uptrend continue , waiting for a confirmation to follow the direction
the GBPUSD shows some signs of bearish move lastdays of the last week and this week opened with strong bearsh moves for the EURUSD its the AUDUSD time to show some reversal ?????
EURUSD formed some price action setups as my previous idea showed ,
AUDUSD on 4H framed showed a double bottom withe breakout and retest and its bullish it might reach the previous...
the pair in a strong down trend i dont think the price will reverse but i think we will get into consolidation on D charts , there might be good trades on smaller time frame , 4h offers a double top , from the previous double top i can see the price breakout with some noise around it dosnt breakout strongly , i will watch this pair