GBPAUD - This is how we fall...

26 feb 2015

GBPAUD is setting up for a rather convincing Head & Shoulders pattern that would push it right down to 1.9300 - this level matches up nicely with past resistance. I'm selling the neckline break at 1.9605 and will consider adding to the position provided it goes positively in our direction. One can either sell the neckline break or let price break the neckline and re-test before falling. Good pattern to sell - me likey!!!