We can see on the Daily Chart that we were on a consolidation range after a spike up on GBP/AUD and we have just last Friday broke out of the consolidation zone to the downside.
Overall we are on a descending trend, Weekly chart shows us a nice ASCENDING trendline bein broken and being retested in the last couple of weeks.
4-hour chart price is now hanging about and due to retest, the last CONSOLIDATION breaks out to confirm that bears are in control again.
Overall we are on a descending trend, Weekly chart shows us a nice ASCENDING trendline bein broken and being retested in the last couple of weeks.
4-hour chart price is now hanging about and due to retest, the last CONSOLIDATION breaks out to confirm that bears are in control again.