There is interesting opportunity on this pair.
Falling wedge and a fail break out to the down side from a flag which might lead to a double bottom and then the trend will continue to the up side.
I an waiting to see how the price will react to this break out, if we see strong buyers coming in this session we might get the trend to resume to the up side but if...
USDCHF gaining momentom to the up side and this pair seem to do the same. We formed a pin bar at the bottom of a very shallow momentum. Good R/R with high probability to breakout to the up side.
We might be at the top of this channel and get an opportunity to trade it all the way to the bottom of the channel. Also there it a shooting star reversal pattern on the 1H chart. But we are still in an up trend so be careful.
After breading out yesterday range GBPAUD is trying to retest the break and start climbing up. If it will start to move up there is a very nice trde here
