GBPAUD - False Breakouts of IB - Educational

Recently I went long on this pair with the formation of H&S and bullish Libra pattern on the daily chart. Stopped out with minimal impact to my account using proper money management.

Weekly chart has shown a Macro picture with 2 recent false breakouts of IB.

Standing aside for the moment until I get a bullish signal from this strong downtrend movement.

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Daily chart