GBPAUD is trending in an uptrend as you can see in the chart, but I expect the trend to change for a while when the pair reaches the red lines to retest the broken triangle. Sell from the red lines and use the trend as your target. Good luck.
- Daily Highs - Trend Structure - Bullish Iron Ore Fundamentals (AUD Exports) - Waiting on: Double top Head and shoulders for entry confirmation.
Price found structure between the 88.6% and 78.6% levels. If price can break 78.6% and create a new found support I expect price to continue long.
GBPAUD reacted well off of the three month fib levels of 78.6%, 61.8%, and 50%, showing positive bullish momentum. The prior quarter posted a bullish doji at the end of a major bearish impulsive move.