GBPAUD Ascending wedge, bullish break
Daily TF Ascending channel bounced from Ascending trendline.
In the 4Hr TF price again seems to be on ascending channel, which bounced from the bottom impulsively, but now is stuck in an ascending wedge on the 1Hr TF, looking for a break in price to the upside followed by a corrective move in the lower TF in order to get an entry.
SL bellow the LTF correction formation and TP at the last swing high...
However, trade must be managed, as always it should be, since as well that the last big impulsive move was done as bearish.
In the 4Hr TF price again seems to be on ascending channel, which bounced from the bottom impulsively, but now is stuck in an ascending wedge on the 1Hr TF, looking for a break in price to the upside followed by a corrective move in the lower TF in order to get an entry.
SL bellow the LTF correction formation and TP at the last swing high...
However, trade must be managed, as always it should be, since as well that the last big impulsive move was done as bearish.