Hello traders,
Also possible to develop 2 sell potential setups here on GBPAUD.
We can see after the previous bearish impulse down, price begin to form into a continuation correction.
We see price is current already impulse out of this current bearish continuation correction, and forming lower time frame consolidation.
This is where we can either see price commit to the downside and continue lower down to the next swing lows, or possible to make another short term, corrective move up to the top of the current continuation correction, and evolve into a bigger structure, and still reverse down from the top.
Be on the look out for these 2 possible development.
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