In the higher time frame I can see that the GBP/AUD broke the upward trend line (Blue trend line) that it followed since the beginning of the year. Indicating a trend line break out.
The price retested on the trend line and began to sell, which is an indication that a trend line break out took place.
I expect the GBP/AUD to sell, starting a new downtrend until it reaches the next key support area(TP), following the grey path line drawn.
The price retested on the trend line and began to sell, which is an indication that a trend line break out took place.
I expect the GBP/AUD to sell, starting a new downtrend until it reaches the next key support area(TP), following the grey path line drawn.