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British Pound / Australian Dollar
Short

GBPAUD - Intraday - Textbook Trend line Breakout Trade

By neilharveyg
Updated
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 DPP

snapshot
Order 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!
Pivot PointsSupport and ResistanceTrend Analysis
neilharveyg
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