Hello everyone, this is my long-term GBPAUD idea.
GBPAUD has formed a very nice bearish flag and has had a fake break-out above. After this breakout, the pair traded back in the channel again. Recently, because of the fundamentals all against the GBP, the pair has entered the downslide to complete the bearish flag pattern.
My long-term idea on this pair is that it will continue to go down, maybe make a small correction to the upside before doing this.
Please do your own research, this is not advice.
GBPAUD has formed a very nice bearish flag and has had a fake break-out above. After this breakout, the pair traded back in the channel again. Recently, because of the fundamentals all against the GBP, the pair has entered the downslide to complete the bearish flag pattern.
My long-term idea on this pair is that it will continue to go down, maybe make a small correction to the upside before doing this.
Please do your own research, this is not advice.