on DAILY: GBPAUD is sitting around a strong support zone in green so we will be looking for objective buy setups on lower timeframes.
on H1: GBPAUD is forming a symmetrical triangle in red but it is not valid yet so we are waiting for a new swing to form around our upper red trendline to consider it objective and enter on its break upward.
we also have a regular bullish divergence adding more confluence to our buy setup.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.