GBPAUD POSSIBLE LONG BEFORE DOWNTREND CONTINUATION
I've been following the pattern formed on GBPAUD for months now, We have a pole and flag over the years which we just break out of the flag retest and held the lower bound line of the channel flag nicely.. With the outlook i think we are heading out for the next bearish pole run to the downside..
Price is approaching a level of support @ 1.7741 where price haven't traded since JULY 2019, that will make a double bottom which is a possible reversal pattern, If the 1.7741 zone, then it will expose 1.7160 as the next level of support also a double bottom , then we might see a deep reversal to the 1.84600 zone, it will be a nice place to go short again for the downtrend continuation.
Price is approaching a level of support @ 1.7741 where price haven't traded since JULY 2019, that will make a double bottom which is a possible reversal pattern, If the 1.7741 zone, then it will expose 1.7160 as the next level of support also a double bottom , then we might see a deep reversal to the 1.84600 zone, it will be a nice place to go short again for the downtrend continuation.
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