Simplify-

another BIG move up in gbpaud? - Long

Long
Simplify- Updated   
FX:GBPAUD   British Pound / Australian Dollar
I've found price to respect pretty well this channel, and i watched this pair go from 2.01 to 2.08, with the idea of going long, but didnt find any setup that allowed me to do so.
So, here is what i will be looking the next week, i will probably for break TL, and consolidate a little to get a bettter entry.
Comment:
Daily channel
Comment:
We didnt break this structure.. just some spikes.
My point of view doesnt change, i will wait to break and consolidation, looking for the upside.
This will change if price breaks the channel to the downside, if that happens, all of this becomes invalid, and will start looking for sell setups.
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.