GBPAUD: Potential Trend-Following Trade Explained 🇬🇧🇦🇺

Dec 9, 2021

GBPAUD is very bullish from the beginning of November.
Setting a new high the pair retraced.
The market is approaching a key level at the moment.

To buy it with confirmation, watch a double bottom formation on 1H time frame.
1.844 - 1.85 is its neckline.
Your trigger to buy is an hourly candle close above that.
Then you buy aggressively or on a retest.
First goal - 1.855

In case of a bearish breakout of a blue zone,
the setup will be invalid.

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Dec 10, 2021

Note

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