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jojofang0901

GBPAUD Still Look Fore More Downside

Corto
Libra esterlina/Dólar australiano (OANDA:GBPAUD)  
jojofang0901 Actualizado   
OANDA:GBPAUD   Libra esterlina/Dólar australiano
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
23
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Similarly, we can see the strong bearish move on GBPAUD from the top of the ascending structure.

From the double tops, smaller ascending channel, price reversed down impulsively like I pointed out from the previous outlook.
GBPAUD Bearish Development, Watch for Sell

Now that price has broken out impulsively, there's likelihood of further continuations

What we can wait for is price to form a bigger consolidation structure, and continue the downside move to previous lows.

Thank you
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