GBPAUD / GBPCAD Long Breakout Setup
GBPAUD and GBPCAD demonstrate historically high positive correlation (0.9). The crosses currently offer a mirroring long breakout setup from the narrowing triangle structure.
The orders' confirmation comes after 1H candle close above the resistance trendlines. Hope this helps.
The orders' confirmation comes after 1H candle close above the resistance trendlines. Hope this helps.
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