GBPAUD completed a bearish butterfly pattern. I was looking for 1.7660 price that corresponds also with 1.618 and the top of previous high. Price can extend up to 1.7660 again we don't know that.
For the moment we can see that:
1.Price completed a bearish butterfly
2. Reversal is happening in the butterfly zone.
3.Break out of 60 min trend line in yellow.
4. Price completed a big 240 min bearish Engulf candle.
5. Divergences
I am expecting for price to continue downside once the 1.7452 price will be broken.
Good Luck!
For the moment we can see that:
1.Price completed a bearish butterfly
2. Reversal is happening in the butterfly zone.
3.Break out of 60 min trend line in yellow.
4. Price completed a big 240 min bearish Engulf candle.
5. Divergences
I am expecting for price to continue downside once the 1.7452 price will be broken.
Good Luck!
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