Symmetrical Triangle Forms on GA

Wait 5 sec.

Symmetrical Triangle Forms on GAGBP/AUDOANDA:GBPAUDNovi_FibonacciThe 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!