GBP AUD is within an ascending triangle support and resistance
After rejecting the resistance zone on 4 hour we can see a wick from the hourly as well within the local resistance zone
We also see a heade and shoulders like pattern
Likely the price may fall back down the the lower end of the support trendline of the ascending triangle formation
After rejecting the resistance zone on 4 hour we can see a wick from the hourly as well within the local resistance zone
We also see a heade and shoulders like pattern
Likely the price may fall back down the the lower end of the support trendline of the ascending triangle formation
Note
first wait for bearish price action on smaller time frames for additional confirmaiton
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.