glennmercer

Long GBPAUD: 5 Reasons

Long
glennmercer Updated   
FX:GBPAUD   British Pound / Australian Dollar
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

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Trade closed: stop reached:
SL reached after GBP news

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