The price of GBPAUD has formed a potential double top on the 4H Chart
Additional confluences:
- The pattern is happening at a strong reisstance range created from multiple previous low points in the price
- The 2 tops are showing rejection from the 0.618 Fib level
- The MACD has formed a bearish cross around the middle of the formation of the double top chart pattern
Additional confluences:
- The pattern is happening at a strong reisstance range created from multiple previous low points in the price
- The 2 tops are showing rejection from the 0.618 Fib level
- The MACD has formed a bearish cross around the middle of the formation of the double top chart pattern
Comment:
The price rebounced to the resistance range. The double top is no longer valid but monitor for a potential triple top
Order cancelled:
Price broke above the Resistance, trade us cancelled