Price has been on a bullish uptrend and recently had a clear break of the bullish trend. The price has retested the trend line and has now rejected it, at the top of the rejection was my entry.
Due to current economic events involving GBP and a fourth wave of covid resulting in another lockdown we are surely to see price fall.
I Saw that GBPAUD started to consolidate at the bottom of a sell off. It then did a fake out to the down side then had some impulsive bullish candles to the upside on the 15m time frame. All the way to 1.82000 we go.
Caught a nice long trade on GBP/AUD yesterday on the 15m time frame. I have noticed a consolidation at a significant support zone. My speculation is that the currency pair will continue to the upside to my desired TP. Good luck trading!