So Gbp Aud just passed through that significant down trend and it is heading up, it wouldn't surprise me a re-test of the previous trendline but overall I think it is going up.
Note
And there it goes, if that candle closes above that trendline it will be a strong confirmation of the bullish intention of this pair, what is concerning me a little is that I don't feel its movement with confidence, it is hesitating and struggling a little... and being GbpAud... that's weird. We'll see what happensNote
Although this is what I call a "late entry" the truth is that there are still 90 pips until the next big resistance, so... it's up to you.Note
Well look at that, the bullish tendency formed an uptrend line. I think I'm about to exit this trade, not sure yet, it depends of its behavior in the Tokyo session.
Note
Well as I previously said: I was about to exit this trade, and it happened because my Stop Loss in profit was reached due to the enormous news for Gbp this morning. But hey that was a 272 pips journey.
Enter: 1.6417
Stop: 1.6687
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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.