GBPAUD Buy signal

Pattern: Channel Up on 1D.

Signal: Buy as the price remains above the 1D MA50, which during the previous bullish leg to the Channel's Higher High, was the Support.

Target: 1.96000 (just below the 2.0 Fibonacci extension ).


Extra indicators:

* The 1D MA50/100 Bearish and Bullish Crosses happened almost at the exact levels of the Cup patterns. An internal Channel Up followed the Bullish Cross.
* The RSI sequences of as the Cup transitioned to a Channel Up, are very similar.


--------------------------------------------------------------------------------------------------------

** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **

--------------------------------------------------------------------------------------------------------