EURAUD LONGEURAUD breaking out of it's recent channel with a nice pullback. Longer term trend is bullish with a bullish channel breakout. Looking for previous resistance to act as first support with a bullish trend to continue in the medium term.
Indicators also used to confirm over sold levels.
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Bdpo
GBPUSD Breakout setupTrend: Short term bearish trend
Structure: Horizontal support and upper trend line.
Plan:
We look for GBPUSD to make a move either to the upside and confirm a breakout before taking a long. Alternatively if GBPUSD respects upper trend we look for it to breakout of lower resistance and take a move to the downside.