JICPT|GBPAUD sideway trading plan

Actualizado
Hello everyone. GBPAUD has formed a sideway structure on the daily chart.

So, simply put, I'd like to adopt buy-low-sell-high strategy. It works until it doesn't. Just be careful of the position size.

What do you think? Give me a like if you're with me.
Nota
On the hourly chart, we got some response to the recommend buy level. However, we should wait till the red downtrend line to be violated.
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Nota
on the hourly chart, the structure near the buy now line has been violated completely with a quick retest. The downtrend continues...
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Chart PatternssidewaysmovementtrendTrend Analysis

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