Recently, price managed to break below the support of this ascending broadening wedge pattern.
Notice for price consolidate near the support before breaking below it. This consolidation looks like a bearish flag to me.
We could expect price to continue go down towards 1.8100 area. The target of this wedge is at 1.8092 but we will aim to take profit a little bit above the target.
Sell GBPAUD 1.8260
Stop loss 1.8320
Take profit 1.8110 (2.5R)
Use only 1-2% risk
Good luck
Notice for price consolidate near the support before breaking below it. This consolidation looks like a bearish flag to me.
We could expect price to continue go down towards 1.8100 area. The target of this wedge is at 1.8092 but we will aim to take profit a little bit above the target.
Sell GBPAUD 1.8260
Stop loss 1.8320
Take profit 1.8110 (2.5R)
Use only 1-2% risk
Good luck