rauan

GBPAUD / GBPCAD Long Breakout Setup

Long
OANDA:GBPAUD   British Pound / Australian Dollar
GBPAUD and GBPCAD demonstrate historically high positive correlation (0.9). The crosses currently offer a mirroring long breakout setup from the narrowing triangle structure.

The orders' confirmation comes after 1H candle close above the resistance trendlines. Hope this helps.

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