GBPAUD - Trend-Following Setup!

Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

GBPAUD is overall bearish trading inside the brown channel, however, it is now approaching the upper brown trendline acting as a non-horizontal resistance.

Moreover, the zone 1.81 - 1.83 is a strong resistance zone .

So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance zone and upper brown trendline. (acting as non-horizontal resistance)

As per my trading style:
Since GBPAUD is around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich