This pattern could break both way. If the first leg down is an "a" wave impulse to down side then it will break to down side, if the first move down is an 'a" wave in a 5 wave wedge (abcde) or three wave flat ( abc ) then we go up. In any case buy the or sell breakout .
Personally I am a bit bias to down side.
Use a tested strategy to trade and good money management.
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AUDUSD is in a consolidation, no longer making a triangle , i will wait for more development to decide which direction the consolidation will breakout
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