Currency

GBPAUD potential ending diagonal

Long
FX:GBPAUD   British Pound / Australian Dollar
4
Over the last few weeks and months, this pair has steadily gone down and defied structure resistances. Just when we thought the reversal was near, this pair kept challenging lows. Finally, it has given a sign that an imminent U-turn lies ahead in this ending diagonal structure. I'm expecting a quick move towards the bottom structure line before a big bounce. Hope we could all catch this amazing trade to the upside.
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.