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Tails with high volume will sign of U-turn : GBPAUD

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Libra Esterlina/Dólar Australiano (FX:GBPAUD)  
Trade-Technique  
FX:GBPAUD   Libra Esterlina/Dólar Australiano
Parallel Channel Trend Analysis Wave Analysis GBPAUD Currencies sellingsetup SELL Forex trade
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parallelchannel trendanalysis waveanalysis gbpaud currencies sellingsetup sell forex trade

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Parallel channel expected break-down. Selling in pullback is best opportunity to grab profit on this pair. The projection is mentioned at the chat for future prediction.

----------------------------------------(Weekly view)---------------------------------
snapshot
  • Previous High 2.03533 (double top)
  • Price is trading in still channel.
  • Series of tails found on the value high with an excess.
  • Tails with surged volume (its indicate U-turn)

Conclusion: highly prefer to trade in short selling side, therefore projected "falling wave" in the chart.
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