as you can see gbpaud is currently in an uptrend
however i expect price to break the current uptrend then retest the trendline which will create a head and shoulder formation which is a reversal pattern.
if this happens, i then expect price to fall to the next support area which also is the 0.618 fib region.
however i expect price to break the current uptrend then retest the trendline which will create a head and shoulder formation which is a reversal pattern.
if this happens, i then expect price to fall to the next support area which also is the 0.618 fib region.