2015-12-31_00-48-49gbpaud

This chart has caught my attention due to the repeatable bearish 123 patterns provided since late of August.

The pattern will most likely stay in effect untill a bigger force forces it to change its behaviour, meaning a change in the fundamentals or a strong level of support where traders will cover their short positions to take profit.

The advice I may give for this chart is to wait for price to retrace to the descending trendline place a tight stop over it and take the move down with the stochstik crossing from to below the 80% level.

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