Wednesday, November 28, 2012

GBPAUD Triangle Trade GBPAUD Triangle TradeA triangle breakout trade is coming up on GBPAUD.

On upper side we got the trendline which has restrained price since 21-Nov. While on the down trendline has supported price since 20-Nov.

I plan to go long on break and daily close above upper trendline. Will go short on break and daily close below lower trendline.

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