British Pound / Australian Dollar
Long
Updated

GBPAUD: The Next Bullish Wave! How to Catch It

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snapshot

Hey traders,

As we earlier discussed, GBPAUD is following a major rising trend line and trades in a bullish trend.
Yesterday bears tested that and we saw a positive bullish reaction.

To catch the next bullish wave, follow a small falling wedge on 4H.
Its bullish breakout will be a nice confirmation to catch a swing move.

The first goal will be 1.81

Remember, in case of a bearish breakout of a major rising trend line, setup will be invalid.

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Note
Check my new idea on EURUSD:
EURUSD: Key Levels to Watch Next Week

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