GBP/AUD Weekly Bullish Breakout Potential
Price stuck in a Monthly Range, between the 1.55 -2.28 region. Range lasting from 1st September 2015 until today, very huge area.
Weekly showed rejection of the 1.7400 levels, which started a mini Weekly Range from June 2020 onwards as well. Thus, a range within a larger range trade.
Patiently waiting for a breakout if it happens. If price manages to break above 1.8540, then I might wait for a retracement or a smaller timeframe entry to get long.
Targets at the Extended Box Area at 1.9630.
Weekly showed rejection of the 1.7400 levels, which started a mini Weekly Range from June 2020 onwards as well. Thus, a range within a larger range trade.
Patiently waiting for a breakout if it happens. If price manages to break above 1.8540, then I might wait for a retracement or a smaller timeframe entry to get long.
Targets at the Extended Box Area at 1.9630.