GBPAUD BUY Setup?
It seems we have a possible BUY setup on this pair, to trade on a breakout of the channel, to the first trendline, and possibly the next upper trendline. However once the price action hits the first trendline, caution is required as it might just be a retracement which will mean it will go SHORT most likely to the bottom trendline on the monthly.
All indications suggest an upward move on the MACD 4C, MACD Crossover and RSI, as well as the structure.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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All indications suggest an upward move on the MACD 4C, MACD Crossover and RSI, as well as the structure.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
Some very wise words: Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Disclaimer
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