GBPAUD Head and SHoulders

25 בנוב׳ 2015

GBPAUD completed a head and shoulders pattern at the close of market. The break is confirmed by a MACD break and downward RSI. I have entered short targeting 2.00 the bottom of the ascending channel that has defined the pair for several months. This pair is super volatile and has lacked liquidity of late so care is needed.