GBPAUD - In a clear uptrend

Dec 12, 2015This is one of the pairs that are pretty easy to trade using a double time frame analysis. Right now we are in a multi year uptrend which will probably continue for some time. Looking at the daily, a failed H&S pattern should push this pair at least to the top of the head, however, looking at this trade with a longer term perspective, I would say we will see higher quotes than 2.24.