Hello traders! GBPAUD has finally broken structure and retest our support zone ready to take off and go test our strong resistance zone alongside a supply zone.
We are waiting for prices to give us a confirmation on the direction it is going. If prices breaks out of the descending trendline, we will be looking for a LONG opportunity if we get a pullback.
A breakout of the descending trendline isn't enough, UNLESS it breaks above previous structure high as well, creating an immediate higher swing high, to tell us that the...