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FX.co ★ GBPAUD H1: Bearish Symmetrical Triangle

GBPAUD H1: Bearish Symmetrical Triangle

Bearish Symmetrical TriangleAccording to the chart of H1, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.7884/0.0000 and upper border is 1.7793/0.0000. The pattern width is measured on the chart at 91 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPAUD breaches the lower border, the price could continue its move toward 1.7844.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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