Beebags

GBPAUD BREAK AND RETEST

Long
FX:GBPAUD   British Pound / Australian Dollar
The break and close above 2.1520 signifies to look for a trend continuation opportunity. The previous resistance zone of 2.1490-2.1520 will likely act as support on a retest of that level. This setup requires a large stop below the midrange structure I identified last week. Only trade if it meets your plan and risk allowance.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.