FullTimeTrader

GBPAUD-one more long idea-along with the D1 trend

Long
FX:GBPAUD   British Pound / Australian Dollar
19
Market gives us opportunities in both directions, why not to take advantage of that?

I know some traders are strictly trend followers, this idea could be interesting for them.

Looking on D1 chart we see price near the ema 55 level and strong structure:


Here on H4 chart:

AB=CD pattern

bullish cypher already filled

possible triangle unfolding

As always my recomendation, choose only one prefered GBP pair idea.

Best regards.

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.