LONG and SHORT on GBP/AUD 12-27-21

I am both long and short on the GBP/AUD
From the higher time frame price is in a uptrend
On the daily timeframe a ascending triangle has formed and I am waiting to see which direction price breaks out from there.

I have 2 pending orders in place to catch the move going in either direction.

Here are the trades I will be taking on this pair:

ORDER TYPE = BUY STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.86535
STOP LOSS = 1.85300 - 123 PIPS / $12.30 LOSS
TAKE PROFIT = 1.89438 - 290 PIPS / $29 GAIN

ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.84595
STOP LOSS = 1.85999 - 140 PIPS / $14 LOSS
TAKE PROFIT = 1.81834 - 276 PIPS / $27.60 GAIN