GBPAUD: BULLISH BIAS
Here we have a rising uptrend channel with a continuation pattern within channel (Inverted H&S/Triangle pattern).
There has been 3 failed attempts to break resistance however buyers has proved to be in control in 4th attempt.
In addition there is a potential ABCD formation with the AB leg already fulfilled the CD leg looks like it will be playing out towards the -27 D extension area.
I will be targeting the 2.16 area
There has been 3 failed attempts to break resistance however buyers has proved to be in control in 4th attempt.
In addition there is a potential ABCD formation with the AB leg already fulfilled the CD leg looks like it will be playing out towards the -27 D extension area.
I will be targeting the 2.16 area
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