GBP/AUD Head and Shoulders Complete

In my most recent GBP/AUD post I made the prediction that there was a bearish Head and Shoulder pattern forming on the 4H chart. Today, the pattern finalized, signaling a new path downwards for the pair.

Also, it became apparent that the GB-EU Brexit talks are taking a turn for the worse, potentially even being cancelled altogether. This action would mean that a No-Deal Brexit is imminent and you should trade accordingly.

My guess will be that the EU and GB will fail to find compromises and that no deal will be found, launching GBP and EUR into the abyss.