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traderprosignals
Mar 30, 2021 12:52 PM

GBPAUD - LONG IDEA  

British Pound/Australian DollarFXCM

Description

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

The market is expected to our 1st take profit at the Fibbonacci 1 point zone today.
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