GBPAUD: (H4) Go Short!
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Analysis:
- Triple top pattern formed underneath resistance area.
- Price broke through and retested this area before pushing off of the 0.382 fib level
- Price is currently forming a bearish candle. Could be another possible retest of the resistance area. Price may be entering a state of consolidation.
- Wait for a confirmation candle.
- Triple top pattern formed underneath resistance area.
- Price broke through and retested this area before pushing off of the 0.382 fib level
- Price is currently forming a bearish candle. Could be another possible retest of the resistance area. Price may be entering a state of consolidation.
- Wait for a confirmation candle.
Note
The trendline indicates a continuation of the uptrend. Let's see what happens next...
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