OANDA:GBPAUD   British Pound / Australian Dollar
GBP has shown a bit of strength recently resulted in a bouce off the upward channel. SL has been placed under both this structure and the horizontal support.

Price is moving upwards in the long term #TrendTrader. Be wary price may respect this downward trendline and breakout to the downside.

Looking for a Long (Buy) trade if the short term downward trendline is broken.
Will have to wait and see how this continuation forms...

For my free shorter term signals___ the link is below...

https://www.instagram.com/tokyoforex/
https://t.me/TokyoForex

Comments

I’d void this off straight away, wait for a break either way because that looks like a H&S
+3 Reply
TokyoForex TycoonTrades
@TycoonTrades, Yeah! the head and shoulders may cause a downside! great comment :)
Reply
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