FX:GBPAUD   British Pound / Australian Dollar
H4 - Currently it looks like we have a false break of the trend line.

If this turns out to be a valid breakout and if the price moves lower, holds below the trend line, we may then look for pullbacks and sells with bearish evidences.

Alternatively if the price moves higher and reaches the critical zone. Then wait for the price to move lower again, break and hold below the trend line.

We may then look for pullbacks and sells with bearish evidences.

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.