GBPAUD potential S H S formation and ABCD ahead

There was a successful break of S H S neckline and the price tested several times the neckline. While there could be more room to go down, as long as the right shoulder is not reached the formation is valid. As a day trasing opportunity, ABCD (if ever reached) could be benefited from as well.

Wait for the confirmation. It is not a trade signal or recommendation, just for price following.

Trade closed manually:

half of the position was closed