goaldigger888

GBPAUD Completing H&S pattern

Short
FX:GBPAUD   British Pound / Australian Dollar
Hello, this is my first published trade idea.

My thoughts on GBPAUD :

Price dropped massively after hitting a Monthly resistance (which confluent with Monthly Fibo 61.8), leaving a long shadow Pin Bar on the recent Monthly Candle.

I'm more on the sell side, but to verify that it needs to break the strong Weekly trendline as drawn above.

Yellow Line - Monthly S&R
Magenta Line - Daily S&R

All lines are drawn from a line chart.
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