Friday, December 14, 2012

GBPAUD Triangle Trade GBPAUD Triangle Trade
On H4 charts, price is constrained within a triangle. 

Lower trendline is in place since 20-Nov and upper trendline is in place 5-Dec. 

Lower trendline looks like a strong support and has been holding on many dips. 

Lower trendline should be a make-or-break area for the pair.

I will watching this setup for possible trade of next week.

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