GBPAUD Buy Setup Opportunity
In a previous post (see the link below) while price was testing the upper trendline of a falling wedge, i mentioned that we should watch for a breakout above the trendline and go long. Price didn't break that level and dropped once again. It's now heading towards the lower trendline of the wedge. It's a very good idea to buy at the level for a new move up which probably be the one which breaks the upper trendline of the wedge giving us a great risk/reward ratio trade.
Related publications
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.