GBPAUD: End Of Consolidation Signals Longs

FX:GBPAUD   British Pound / Australian Dollar
415 2 18
As with all GBP pairs, in GBPAUD             i will keep an eye for a long position. In the 4h chart we may see that price reached and was rejected at both the lower and the slide parallel of a median line downsloping set and it's now in a consolidation above the lower parallel. We might see some more up and down moves during this consolidation but what i will be expecting is a breakout above it, and go long aiming the median line .
Comment: A buy setup is forming in the lower timeframe. Price is in a correction after an impulsive upmove and what we should be waiting is a breakout above this correction to go long.

Here is why i believe a rally is coming ..
Fxprotrader PRO YoussefRazak
Great chart.. Thanks for sharing :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out