Trade Ideas Educator: GBPAUD Triangle

An inverted Ascending Triangle setup for a buying opportunity. A break and close above show a high tenancy of the market heading higher. So if the market head higher where would it most likely goes to? The previous high of the bearish bat entry point?

Long from the current price is both a breakout and counter trend trading setup.

Traders who are looking at a trend trading opportunity has to wait for the bearish bat setup is valid and engage for a short opportunity.