Channel busted - bulls head for the exit.
This is an incredibly bullish channel that we've been in since May 1. 2,400 pip rise in 3 months. Great trade if you were long!
The channel has broken down now & I'll be a seller if we make it back up to 2.12/underside of broken TL, to start a potentially beautiful H & S on the daily. Potentially 2.00 being the target.
Linking to the AUD/USD chart I posted earlier. With that monthly TL supporting AUD any further bounce in AUDUSD will assist in the fall of GBPAUD.
The channel has broken down now & I'll be a seller if we make it back up to 2.12/underside of broken TL, to start a potentially beautiful H & S on the daily. Potentially 2.00 being the target.
Linking to the AUD/USD chart I posted earlier. With that monthly TL supporting AUD any further bounce in AUDUSD will assist in the fall of GBPAUD.
Related publications
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.