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Hoofus

GBPAUD - Potential H&S Forming

Short
British Pound / Australian Dollar (FX:GBPAUD)  
Hoofus  
FX:GBPAUD   British Pound / Australian Dollar
Double Top or Bottom Head and Shoulders Centered Oscillators
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doubletoporbottom headandshoulders centeredoscillator
You can see from the chart GBPAUD has recently been a double top on the pair after some considerable movement. The 240H RSI has been overbought which supports the analysis. I am now waiting to see whether the left shoulder remains lower than the right which will increase my focus on this potential trade
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