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.
