GBP/AUD Fakeout + Bullish Move Expected
🔸WEEKLY CHART EXPLANATION:
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🔸Price broke the Ascending Trendline but it could not stay below.
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🔸We consider that this pair has bullish potential towards the Resistance Zone in the long term.
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🔸Before considering a bullish trade, we are waiting for a break of the previous lower high that can be better appreciated on a lower timeframe.
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🔸 Will look for a lower timeframe bullish setup.
🔸 4H CHART ANALYSIS:
.
.
🔸Price broke the Ascending Trendline but it could not stay below.
.
🔸We consider that this pair has bullish potential towards the Resistance Zone in the long term.
.
🔸Before considering a bullish trade, we are waiting for a break of the previous lower high that can be better appreciated on a lower timeframe.
.
🔸 Will look for a lower timeframe bullish setup.
🔸 4H CHART ANALYSIS:
Penafian
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