GBPAUD: Bearish Setup Explained 🇬🇧🇦🇺

Short

British Pound / Australian Dollar (OANDA:GBPAUD)

OANDA:GBPAUD British Pound / Australian Dollar

Double Top or Bottom Wedge Candlestick Analysis GBPAUD pound aud australiandollar Forex forecast priceaction trading Contains image

doubletoporbottom wedgepattern candlestick gbpaud pound aud australiandollar forex forecast priceaction trading containsimage

snapshot

GBPAUD looks quite overbought to me.

We see a clear sign of strength of the sellers with a breakout of
a neckline of a double top formation and a violation of a support line of a rising wedge.

I expect a retracement to 1.92445

❤️Please, support my work with like, thank you!❤️

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/ ✅

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.