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GBP-AUD STRUCTURE ANALYSIS|TRADING PLAN
British Pound / Australian Dollar
Long
GBP-AUD STRUCTURE ANALYSIS|TRADING PLAN
By ProSignalsFx
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Updated
Aug 17, 2020
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Aug 13, 2020
The pair had broken out of the long term downward resistance line and is now consolidating below the resistance in the bullish triangle/flag.
Even though the pattern is bullish, it can break out either way, thus:
TRADING PLAN:
1-wait for the breakout, either way
2-make sure it is confirmed
3-Enter the position on the pullback, according to the direction of the breakout.
4-The ultimate targets are the support and the resistance.
Thank you for reading, like and subscribe and have a nice day!
Aug 17, 2020
Note
The support still stands!
aud
aussie
aussiedollar
Chart Patterns
GBP
GBPAUD
gbpaudlong
Technical Indicators
pound
poundsterling
Trend Analysis
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