GBP/AUD CRAB PATTERN

18 May 2020

GBP/AUD IS CLOSE TO COMPLETING A BULLISH CRAB PATTERN. THE FACT THAT THE SELLING MOMENTUM IS SUBSIDING ACCORDING TO MACD AND OTHER INDICATORS NEAR THE COMPLETION OF THE PATTERN AND A SUPPORT AREA. I'M 75%-80% CONFIDENT THAT THE PRICE ACTION WILL REVERSE AND THUS GIVE ME A GREAT LOWE RISK TRADING OPPORTUNITY. I THOUGHT I'D SHARE WITH WHOEVER FOLLOWS ME. BY THE WAY OTHER GBP PAIRS ARE FORMING THE SAME PATTERN.