Here we have GBPAUD breaking out of a key resistance level yet still respecting a key support level, causing the breakout of a descending triangle. Price has re-tested the previous resistance level so I am now expecting price to head upwards. Good risk to reward on this one. Please share any ideas you may have in the comments!
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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.