FX:GBPAUD British Pound/Australian Dollar
In a previous post (see the link below) while price was testing the upper trendline of a falling wedge, i mentioned that we should watch for a breakout above the trendline and go long. Price didn't break that level and dropped once again. It's now heading towards the lower trendline of the wedge. It's a very good idea to buy at the level for a new move up which probably be the one which breaks the upper trendline of the wedge giving us a great risk/reward ratio trade.