GBPAUD Bullish Divergence + Trend Resistance
There may be an opportunity here for a long on GBPAUD given a trend break. The potential for this move is supported by the bullish divergence (illustrated with the red lines). If it breaks the trend resistance (yellow line) The TP would placed in the area where the pair was previously ranging. A reversal here would also serve as a double bottom from post-Brexit lows.
R:R of position shown: 3.35
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R:R of position shown: 3.35
Don't forget to look for the PipSqueak Autotrade system on myfxbook.com and subscribe to my trades myfxbook.com/members/autotrade/pipsqueak/1583597
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