GBPAUD is in a nice uptrend on the daily and is consolidating on the 1h. Price seems to be losing momentum and if so i will wait for price to test the daily trend line that it has just broken, test the 38.2 or 50 fib level, price to enter the daily support zone, or price to test the 100 or 200 sma and present bullish candlestick patterns on all these tests before i enter for a long.
Trend Analysis

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