GBPAUD Buy Setup

2020年11月8日

If you like the idea, do not forget to support with a like and follow.

on DAILY: GBPAUD is approaching a support in green so we will be looking for buy setups on lower timeframes.

on M30: GBPAUD formed an inverse head and shoulders pattern so we are waiting for a momentum candle close above its neckline (and above the red trendline) to buy.

Conservative traders should wait for a third swing to form around the red trendline to consider it valid, and then buy on its break upward.

Good Luck!