GBPAUD - LONG IDEA (UPDATE)

Multiple chart patterns confirmations and chart indicators - Technical Outlook

1. Ascending Triangle
2. Inverted Head & Shoulders (Market has already retraced after the breakout)
3. Fibbonacci Retracement at golden zone (0.618)
4. Fibbonacci Expansion Take Profit Level is also a major key level.
6. Market Retraced to 15 EMA (used for scalping) - note that I do not have EMA displayed as I'm using a free account.
7. Monthly Chart Double Bottom

Comment:

We have HIT 1st Take Profit, wait for the pullback before entering for the next Take Profit

Comment:

Re-entry this coming week as the market just pulledback to our 4 support levels!

EMA 200, Trendlines and Horizontal Pivot point