Long GBPAUD: 5 Reasons

Updated
GBPAUD has formed a tight PRZ where a series of bullish harmonic patterns have completed. There is also an unhit weekly pivot above price which may help drive price upward. SL is placed below .886XA with targets at .382CD and the unhit weekly pivot which coincides nicely with .618CD.

5 Reasons to Buy:
1. Bullish Gartley pattern completion
2. Bullish crab pattern completion
3. Bullish butterfly pattern completion
4. Bullish RSI Divergence
5. Unhit weekly pivot above price

Thank you for viewing and please don't forget to take a second to click the thumbs up button for future updates and more trade ideas!
Trade closed: stop reached
SL reached after GBP news
advancedBullish PatternsBullish ButterflyBullish CrabBullish GartleyButterflyconfluenceCrabGartleyGBPAUDglennmercerHarmonic PatternsmissedpivotmissedpivotspivotPivot PointsPRZunhitpivotunhitpivotsWeekly Pivots

Also on:

Related publications

Disclaimer