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jojofang0901

GBPAUD Get Ready for the Bearish Impulse Down

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Brittiska pund/Australiensiska dollar (OANDA:GBPAUD)  
jojofang0901  
OANDA:GBPAUD   Brittiska pund/Australiensiska dollar
Parallel Channel Flag Chart Patterns priceaction pattern structure impulse correction Wedge
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parallelchannel flagpattern chartpattern priceaction pattern structure impulse correction wedgepattern

Hi everyone:

Looking at GBPAUD's price action for the potential sell opportunities.

We can see the price is currently correcting in the larger, higher time frame parallel channel structure,
continue to move correctively to the previous tops

The latest price action shows us a lower time frame ascending channel reversal, good indication this could be the start of that reversal bearish move.

Certainly price can continue to correct higher, as long as its still in the corrective phrase.

The confirmation would be the strong bearish breakdown from the price,
and LTF continuation correction to form and complete.
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