OANDA:GBPAUD   British Pound / Australian Dollar
Price made a huge bearish impulse, then is now consolidating within a HTF expanding triangle.

Current price is moving correctively within a ascending channel to previous highs. Within that LTF ascending channel we have more ascending structure forming.

I would like to see price touch the expanding structure for a 3rd touch & show bearish continuation to the downside.

Comments

this is great thanks - do you think this still stands? i am stuck in a sell and reallly need a reversal to the 1.80 mark
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patternedtrader jamesabennett
@jamesabennett, hey dude, yeah it still stand but price isn't quiet ready yet. I would like to see price break the inner ascending structure followed by a continuation flag before entry.
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jamesabennett patternedtrader
@patternedtrader, brilliant - thanks for replying :-) i will watch with interest
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