Very similar structure to GBPAUD I have posted today.
We have a triangle pattern in development which can breaks both ways.
we have a clear volatility squeeze which indicates coming strong move in one direction.
As we have a lot divergence in MACD and pound shows strength against some other majors recently I am more keen to upside scenario.
You can take the trade based on inner triangle trendlines breakout and move SL to breakeven if in profit.
I will keep posting updates.
Good luck !
We have a triangle pattern in development which can breaks both ways.
we have a clear volatility squeeze which indicates coming strong move in one direction.
As we have a lot divergence in MACD and pound shows strength against some other majors recently I am more keen to upside scenario.
You can take the trade based on inner triangle trendlines breakout and move SL to breakeven if in profit.
I will keep posting updates.
Good luck !
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