Potential cup with handle (long) on GBPAUD Daily
After a bearish trend that has last a long long time, i have noticed a change with a divergence on MACD for the GBPAUD and secondly, we got a breakout of downtrend wedge.
Besides, we have the RSI indicator that has crossed on positive momentum.
Thus, either we wait for pullback on the breakout or we wait for breakout of 1.6842 to enter potential long.
If we return below 1.63, the setup is invalidate.
Best Regards,
JT