![GBPAUD Terminal Pattern to Dictate Near-Term Price Action GBPAUD Terminal Pattern to Dictate Near-Term Price Action](https://c.mql5.com/6/713/splash-660297.jpg)
GBPAUD Terminal Pattern to Dictate Near-Term Price Action
12 February 2016, 06:03
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Market volatility can be a trader’s best friend or worst enemy, depending on a few key factors. One of those factors is identifying and properly trading obvious technical patterns. GBPAUD is forming such a pattern on both a daily basis as well as an intraday basis. I mentioned the larger descending channel over the weekend, which is still unfolding. However, there is a smaller pattern that could present an opportunity in the meantime. Below is the larger channel that is still intact. Within the pattern above, there are two ...