GBPAUD HERE COME THE BEARS FIRST TARGET 1.83500

Good evening from the UK I have decided to capture a snap shot of the weekly time frame. As you can see running in an upward channel we have 3 success full swing highs and the 4th was held at a monthly resistance not allowing another bull run to the upside with buy exhaustion coming into play around the price of 1.88700.

Highlighted is a Double top with last weeks closure as a shooting star showing potential bearish signals to create a new higher swing low. I have some great key levels I will be working towards.

We also have the perfect countertrend line break retest and continuation to the downside.