GBPAUD has formed a acesding triangle on the 1HR and 4HR time frame and has broken the resistance that was previously tested and rejected successfully 4 times, price action looks to retest this previous resistance and flip to support. Price action is making higher highs showing a uptrend of price. On the 4hr time frame a dragonfly doji has formed showing an...
- AUDUSD LONG
- 1HR TF
- Previous trendline that has been tested and rejected 3 times, price tests it again for a bullish trend continuation
- Price also is testing a previous resistance that how now became support for more confirmation
- Target of the weekly trendline