GBPAUD BUY Setup?

4 Des 2016

It seems we have a possible BUY setup on this pair, to trade on a breakout of the channel, to the first trendline, and possibly the next upper trendline. However once the price action hits the first trendline, caution is required as it might just be a retracement which will mean it will go SHORT most likely to the bottom trendline on the monthly.

All indications suggest an upward move on the MACD 4C, MACD Crossover and RSI, as well as the structure.

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Please do not trade this chart if you do not have your own strategy. Trade only with your own strategy.
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