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British Pound / Australian Dollar
Long

GBPAUD falling wedge

By olly_price
Updated
Falling wedge with 6 hits (currently).

Looking for a 7th hit and will be watching closely for a breakout on the 8th. The length of this wedge suggest to me that there could be a strong breakout.

Note
Point 7 just about hit, hoping now for a movement to point 8
Note
We have a market touch at point 8 on the resistance line, should see over the next several days whether we get a break or a trend continuation.
Note
Could even have seen a hit at point 8, possible could be seeing a consolidation before a break above or maybe even a move down to point 9.
Note
Close to a touch on point 9.
Order cancelled
Shame because this was an amazing wedge.
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olly_price

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