GBPAUD - Intraday - Textbook Trend line Breakout Trade

Technical Analysis - GBPAUD price action recently broke a trendline support which acted as a nice floor in the previous price actions. DO NOT CHASE the breakout. Wait for it to retest and trigger your positions.

Trade attivo:

Nice trade setup. Textbook breakout complete. Price is now retesting the broken trendline. My target is the DPP

Ordine annullato:

The price action perforated well the broken trend line. Looking for another entry once the price action breaks and retests the immediate support level.

Kudos!