GBPAUD - 1 HOUR - MULTIPLE PATTERN FORMATIONS

When the market is in consolidation (not trending/between trends) a lot of people tend to shy away because there is no clear directional movement. This is true, but it doesn't mean that there aren't trading opportunities available.

If you're an advanced pattern trader then periods of consolidation are times when you need to be on alert for setups as they are typically plentiful.

In this example, we have no idea on which way price is going to ultimately go, but as you can see, whichever way it does, there will be a potential opportunity to take advantage of.

Wishing you the best today in the markets & as always if you have any questions, comments or just want to share your view on things please leave it in the comment section below & I'll be sure to respond.

Plan Your Trade, Trade Your Plan!

Your Trading Coach - Akil