GBPAUD Dont miss this long

Hi everyone!!

Hope u all had a wonderful trading week. This last few hours of the market brought us an opportunity that we cannot let go. Let's jump into it :

1- GBPAUD has been done a Higher Low-Higher High-Higher Low and now it has broken out the Higher High so we expect the price to keep rising.

2- The pair has just broken a pretty important historical resistance that will act as support from now on ( we cannot rule out a double top here and the price reversing)

3- The pair has been respecting the MA20 and accelerating the move the last few days. Now we could see an interesting explosive move to the upside.

4- All our indicators are very bullish as expected. We are using in this case Didi index, KusKus Starlight and QQE.

Lets look at the 4H chart for a closer look of this pair :
https://www.tradingview.com/x/WPfcTR93/
1- We clearly see how the price has broken and close above the resistance level that has therefore become support

2- Price reacted to the support area on the 4H that also had confluence with the 50 MA

3- This reaction at support came in the form of a double bottom what is usually a bullish indicator

4- Both QQE and our trendmeter are bullish

Therefore we entered a long position being totally aware that in the last hours of the market on Friday theres a slight possibility that prices reverse a little bit but we are already preparing for next week (the possibility of the price exploding to the upside also exists).

Just a couple things to be reminded of :

- I use other indicators to confirm my trades that I am not sharing in the graph as I have a maximum of 5 per graph so I take the most relevant ones
- You will see no Take Profit and no Stop Loss in my charts because I use an algorithm that does that for me

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Do you have a different view and analysis? Let us know in the comments. I love to be proven wrong. It is the only way to become better.

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