GBPAUD SELL (Head and shoulders forming) (Right shoulder)
MARKET FLUCTUATING AT A LEVEL OF 1.8500-1.800. THE 1.8500 HAS SHOWN PREVIOUSLY AS A STRONG RESISTANCE LEVEL; WE COULD BE LOOKING FOR SHORT TRADES.
WAIT FOR PRICE TO HIT BELOW 1.83200 AS THIS WILL FORM A HEAD AND SHOULDER FORMATION AND WILL BE A STRONG SIGN TO GO BEARISH.
(If the head and shoulder is shown to be successful, we could look for further bearish points). RIGHT SHOULDER FORMING
WE HAVE ALSO HIT THE 78.60 MARK AND THEREFORE ANOTHER SIGN TO BE LOOKING FOR BULLS TO SOON TAKE CONTROL
WAIT FOR PRICE TO HIT BELOW 1.83200 AS THIS WILL FORM A HEAD AND SHOULDER FORMATION AND WILL BE A STRONG SIGN TO GO BEARISH.
(If the head and shoulder is shown to be successful, we could look for further bearish points). RIGHT SHOULDER FORMING
WE HAVE ALSO HIT THE 78.60 MARK AND THEREFORE ANOTHER SIGN TO BE LOOKING FOR BULLS TO SOON TAKE CONTROL