GU Has been forming a falling wedge since the 12th December 2019 and price is now retesting the bottom of the trend line which has been tested and rejected multiple times. On the daily time frame, the pair has been in a corrective phase for numerous months now and could now potentially break out of the falling wedge and continue impulsing to the up...
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