GBP-AUD STRUCTURE ANALYSIS|TRADING PLAN
Updated
The pair had broken out of the long term downward resistance line and is now consolidating below the resistance in the bullish triangle/flag.
Even though the pattern is bullish, it can break out either way, thus:
TRADING PLAN:
1-wait for the breakout, either way
2-make sure it is confirmed
3-Enter the position on the pullback, according to the direction of the breakout.
4-The ultimate targets are the support and the resistance.
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Comment
The support still stands!
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