GBPAUD: A Possible Trend Reversal Chart Pattern

We have the uptrend and a possible trend reversal chart pattern as Head & Shoulders. If the price reaches the neckline, the price action in the zone will be very important for the further market movement. If the price breaks this line, we will get a confirmed trend reversal signal based on the chart pattern. If the price bounces, the breakout above the right shoulder will confirm the continuation of the uptrend.
And what do you think about this market? Are you going to add it in your watchlist?



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.