British Pound / Australian Dollar
Long
Updated

Buy GBP/AUD Triangle Breakout

1 651
The GBP/AUD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.

Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 1.9525

Target Levels:
1st Resistance – 1.9578
2nd Resistance – 1.9606


Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.

Best Regards, KABHI FOREX TRADING
Thank you.
Trade active
Take Entry now
Trade closed: target reached
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.