GBPAUD Diagonal Triangle Update

6. Jan. 2019Our GBPAUD trade reached the first target. - see attached-

Now the pair is testing the 1.78500 resistance. If it breaks below the targets of the pair will be 1.77900, 1.77500 and 1.76700.

If the pair fails to break below 1.78500, it would retest 1.8000- 1.80500 ( a potential left shoulder of the SHS pattern). We plan to add short at the potential retest of 1.80000.

Good Luck!