Wonder if it's going to complete the Triple Top, and Drop down?
It's at a very strong 4 hour resistance area, as well as a valid Butterfly pattern on both the 4 hour and daily charts...
GBPAUD has been in this Channel for a month now and it doesn't look like it wants to break out anytime soon... It's already bounced off the top of the Channel and is heading down again...
Hitting 4 hour Trend line, I expect it to bounce off and head back down... Just before the Weekly Support will make a good TP Area as I expect it to bounce back up from there...
Looks like it's broken out of the Channel it's been in all week... Will it now go up to close that Gap from last weekend?
Looks like a perfect W Formation.