GBP/AUD is now under weekly trendline, also retested it and now there are 2 scenarios. Red one = Price stays below resistance and under trendline, we can expect more fall in price.
Green one = Price will break resistance, then we can expect price going back in weekly trendline and we can consider it as a fake breakout
Green one = Price will break resistance, then we can expect price going back in weekly trendline and we can consider it as a fake breakout
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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.