GBPAUD turned into a bearish market and I'm expecting it to drop at least to 1.8250 where the price will meet the lower trendline due the following reasons:
- Price has retested a historical high.
- Price has completed 5 Elliot Waves
- Price has created a harmonic pattern + pullback.
- Stochastics indicating sell
We could also see a trendline breakout at the lower trendline as it will be the 4th time the price has touched this.
- Price has retested a historical high.
- Price has completed 5 Elliot Waves
- Price has created a harmonic pattern + pullback.
- Stochastics indicating sell
We could also see a trendline breakout at the lower trendline as it will be the 4th time the price has touched this.