FOREXEL

Re-test of breakout zone

Long
FX:GBPAUD   British Pound / Australian Dollar
0
Very interesting price action on the daily where the price is just re-testing the breakout of both the horizontal supply zone line and inner trendline. If this breakout holds then I will plot an upside target on the weekly (if I havent already) and post it separately. Right now I will keep a close watch on it first.
This trade would go hand in hand with my GBPNZD long trade if this critical zone holds. If not then I will have to wait for the pulback to complete for another entry.
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.