GBP-AUD STRUCTURE ANALYSIS|TRADING PLAN

The pair had broken out of the long term downward resistance line and is now consolidating below the resistance in the bullish triangle/flag.

Even though the pattern is bullish, it can break out either way, thus:

TRADING PLAN:

1-wait for the breakout, either way

2-make sure it is confirmed

3-Enter the position on the pullback, according to the direction of the breakout.

4-The ultimate targets are the support and the resistance.

Thank you for reading, like and subscribe and have a nice day!

Komentarz:

The support still stands!