GBPAUD - Intraday - Textbook Trend line Breakout Trade
Technical Analysis - GBPAUD price action recently broke a trendline support which acted as a nice floor in the previous price actions. DO NOT CHASE the breakout. Wait for it to retest and trigger your positions.
Trade active
Nice trade setup. Textbook breakout complete. Price is now retesting the broken trendline. My target is the DPPOrder cancelled
The price action perforated well the broken trend line. Looking for another entry once the price action breaks and retests the immediate support level. Kudos!
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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.