Friday, May 10, 2024

+800 Points Reached in GBPAUD buy signal after breaking the lower high (top) of the downtrend line
1 mins well spent

GBPAUD Analysis:

GBPAUD has broken the lower high (top) of the downtrend line in the 4-hour timeframe chart.

GBPAUD downtrend line breakout in h4

In the 1-hour timeframe, GBPAUD has formed an Inverse Head and shoulder pattern. The neckline of the inverse head and shoulder and the horizontal resistance has broken recently.

GBPAUD inverse head and shoulder and neckline breakout

After the confirmation of upward movement, GBPAUD buy signal given.

GBPAUD reached the take profit target successfully.


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