GBPAUD: Possible Head & Shoulder. Can go Long for a Short Period.
We can see GBPAUD now at the very end of the long term wedge pattern. Also observing the price action there a huge possibility of forming a Head & Shoulder pattern.
Trade Idea for Long: We can go long above 1.8861 level towards psychological resistance 1.9000.
And even after confirmed break above level 1.9094 we can take long trades.
Trade Idea for Short: If our desired Head & Shoulder patterns formed we can easily go for short after the break of the neckline at the level 1.8748
Chief Analyst Real Forex MM