GBPAUD
Updated
price has been inside a triangle since the beginning of the pair
it failed to break the monthly lowest low and made a lower high
it is currently bullish, since late 2016 and early 2017
price seems to be magnetised towards the resistance triangle
with AXY being bullish, the XXXAUD seemes to be respecting that very well
price also broke the 1.8 and bouncing on its Major Quarter-Point Supply,it is also retesting to bounce on weekly drawn trendline to possibly create weekly new highs
it failed to break the monthly lowest low and made a lower high
it is currently bullish, since late 2016 and early 2017
price seems to be magnetised towards the resistance triangle
with AXY being bullish, the XXXAUD seemes to be respecting that very well
price also broke the 1.8 and bouncing on its Major Quarter-Point Supply,it is also retesting to bounce on weekly drawn trendline to possibly create weekly new highs
Note
trying my best keep the chart clean and not too completed, i have 2 different Diagonal trendlines, Channel & Rising wedge
Channel playing very well on the bullish run
rising wedge could play the bigger role in future once price is near area of 2.00000, where it bounces on resistance trendline(red) to make a Lower high from the previous highs as an overall downtrending resistance of the monthly triangle
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