GBPAUD: Double Top Pattern - Bearish Momentum Is Increasing
GBPAUD Forms Double Top – Bearish Momentum Is Increasing
GBPAUD has confirmed a double top pattern on the 4-hour chart. After breaking through the support zone, the price retraced and tested the level again.
As expected, GBPAUD reacted at this zone, increasing the likelihood of a valid bearish setup.
However, market uncertainty remains due to a lack of clear direction following recent comments from Trump.
As a result, the price might continue to fluctuate within this range before a strong bearish wave resumes.
Key support zones to watch: 2.0630 and 2.0360.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPAUD has confirmed a double top pattern on the 4-hour chart. After breaking through the support zone, the price retraced and tested the level again.
As expected, GBPAUD reacted at this zone, increasing the likelihood of a valid bearish setup.
However, market uncertainty remains due to a lack of clear direction following recent comments from Trump.
As a result, the price might continue to fluctuate within this range before a strong bearish wave resumes.
Key support zones to watch: 2.0630 and 2.0360.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
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t.me/TradingPuzzles
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✅YouTube
youtube.com/@TradingPuzzles
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.