英鎊/澳元

Symmetrical Triangle Forms on GA

103
The Bulls and Bears struggle in GBPAUD seems to be coming to a point with price forming a Symmetrical Triangle!

Bears have been keeping price below a Falling Resistance with tests @ 1.8946 and 1.8916 and Bulls keeping price above a Rising Support with tests @ 1.88084 and 1.88449.

Now this pattern can either be a Continuation of trend of a Reversal, which all depends on whether price breaks the Falling Resistance or Rising Support!

Once a valid breakout occurs with a successful retest, this will generate opportunities to take price to either the overhead Resistance or underlying Support levels marked on the chart!

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