The British pound against the Australian dollar: The pair is trading in a bearish and negative channel after breaking the identical wedge, which gives us an impression and anticipates the continuation of the general downward trend of the pair. In general, the pair is to sell as long as prices are below the downtrend based on the last two peaks on the H4 chart, as shown in the image above. Any rise in the pair is another opportunity to sell, to reach the final target at the last bottom. Traders are advised to maintain a suitable stop loss
The British pound against the Australian dollar: The pair is trading in a bearish and negative channel after breaking the identical wedge, which gives us an impression and anticipates the continuation of the general downward trend of the pair. In general, the pair is to sell as long as prices are below the downtrend based on the last two peaks on the H4 chart, as shown in the image above. Any rise in the pair is another opportunity to sell, to reach the final target at the last bottom. Traders are advised to maintain a suitable stop loss