albertgrillofx

GA Up-Trending Channel

FX:GBPAUD   ポンド/豪ドル
G/A is currently in an up-trending channel and is approaching the up-trending resistance that is wedged with a major support/supply zone on the 4hr chart. Price is looking very bearish at the moment on the higher time frames, on my chart we are looking for price to either bounce off the wedge at the liquidity zone (red bubble) and retest the uptreding resistance OR break out of the channel and retest the liquidity zone to eventually go short.
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