GBPAUD H4 - Long Setup

GBPAUD H4

As mentioned in the technical rundown, this was yesterdays trade of the day, I managed to bank 1.5R on this after pushing circa 2.2R profit. Couldn't optimise the close, but caught the biggest and fastest chunk which I was happy with.

GBP inflation data out this morning showing positive signs and outperforming analyst expectations. GBP positive, but we haven't really seen much of a move off this. AUD again weakness continuations due to everything ongoing with CV19.

Looking for a break above resistance and our 1.89 handle, subsequent retest and long opportunity in line with the previous support/resistance break and retest we saw on the 13th September.