GBPAUD LONG

GBPAUD has formed a acesding triangle on the 1HR and 4HR time frame and has broken the resistance that was previously tested and rejected successfully 4 times, price action looks to retest this previous resistance and flip to support. Price action is making higher highs showing a uptrend of price. On the 4hr time frame a dragonfly doji has formed showing an indecision of price which confirms the uptrend. Take profit is targeted at 1.80430 using a 1:3 RRR.