GBP/AUD:Double Top Formation Signals Potential Downward Breakout
The GBP/AUD currency pair has formed a double top pattern and is currently consolidating within a specific range. This consolidation suggests that the price might experience a significant downward breakout, aligning with the prevailing trend. Therefore, we are actively seeking a short trading opportunity
Trade active
Following the confirmation of a double top pattern in the GBP/AUD currency pair, the price movement has been favorably aligned with our trading position. This development has heightened our expectations for a bearish continuation in the pair.
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Related publications
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.