Koryphaeen

GBPAUD ascending triangle idea

Long
FX:GBPAUD   Livre sterling / Dollar australien
2
I really can't ignore that ascending triangle which is forming right now, as in the case of the gold yesterday. anyway, I would take the agressive entry in this case, minimizing the risk in the eventuality in breaks and closes through the blue support line. My entry is at the touching point with the blue line. It could be taken in a conservative way as well, when price action breaks through and retests the red resistance line. Both of the entry possibilities are showed in the chart as well as other details.
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