GBPAUD - Expanding Triangle
AUD news approaching with price consolidating in a Contracting Triangular pattern in the shorter time frame with an Expanding Triangle possibly developing in the larger timeframe.
There is a statistically high probability of price reversing to the upside after creating a lower outer pivot.
Possibility of fake breaks prior to news release so advisable to keep profit targets conservative in the short term, at the various support/resistance levels.
There is a statistically high probability of price reversing to the upside after creating a lower outer pivot.
Possibility of fake breaks prior to news release so advisable to keep profit targets conservative in the short term, at the various support/resistance levels.
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