GBPAUD: 5th March 2018 – Chart of the Day

I am looking for an upside move in GBPAUD. On the Daily chart, we can see there is a clear double top with liquidity past it.

To position long on the H1 timeframe, I want to see a break and retest of the green level. I will look to offset at the silver dashed line and re-enter if I see more compelling price action into my long bias.

There is no hard and fast stop or entry price, until I see what I want to see on the H1.

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