Bearish Butterfly / GBPAUD
GBPAUD price made a very strong move during the RBA and invalidated the previous pattern. Now we are in the situation that the price completed butterfly pattern H4 and analysts watch again for another selling opportunity. Any price move above the peak at 1.9154 would open the doors for more increases in the price.
Supports to watch:
1.9000
1.8908
1.87880
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Supports to watch:
1.9000
1.8908
1.87880
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
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