GBPAUD - Triple Top - High probability reversal pattern

1 May 2018

Recently we've seen weakness in both GBP and AUD and after an uptrend GBPAUD was stuck in a range for the past two months. A triple top is a high probability reversal pattern which usually indicates a trend change. Supportive of this idea is also the fact that AUDUSD is very close to an important support level.

1 May 2018

Not

AUDUSD is at an important support level