TheSignalyst

GBPAUD waiting for the buy setup to form

Long
FX:GBPAUD   British Pound / Australian Dollar
on DAILY: GBPAUD is sitting around a strong support zone in green so we will be looking for objective buy setups on lower timeframes.

on H1: GBPAUD is forming a symmetrical triangle in red but it is not valid yet so we are waiting for a new swing to form around our upper red trendline to consider it objective and enter on its break upward.

we also have a regular bullish divergence adding more confluence to our buy setup.

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