was formed on 02.09 at 01:00:11 (UTC+0)
signal strength 4 of 5
signal strength 4 of 5
According to the chart of H1, GBPAUD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 2.0594/2.0646 and upper border is 2.0715/2.0646. The pattern width is measured on the chart at -121 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and GBPAUD breaches the lower border, the price could continue its move toward 2.0606.
Figure
Instrument
Timeframe
Trend
Signal Strength
