Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on GBPAUD, if you any questions on the pair let me know in the comment section below.
I will be looking to take a trade on the pair if our trading rules are met over the next few days.
I would suggest keeping this pair in your watchlist to see if your own rules are met. If...
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1 HOUR
Very bullish price action..
4 HOUR
Price forming several HH and HL indicating a bullish pressure pattern.
DAILY
Sideways waving market found resistance now and is slowing down.
OVERALL
Price action is slowing...
GBPAUD is following the above channel so time your entry right with your longs on a one hour time frame.
Also be prepared for a break in channel at some point, which will break to the downside.
Warning; trading comes with risks, trade safely and within reason. All charts to be used for guideline purposes
