GBP/AUD Ascending Scallop Hints For Uptrend Continuation
In this article:
Dear Traders,
The GBP/AUD bulls continue with domination. I will be looking to buy the dips once the price makes a retracement to the POC zone.
If we see a retracement to the POC 1.9505-85, I will be looking to buy the dips. We should see an upside continuation towards the ATR high – 1.9861 as the first target. The next target is W H3 camarilla pivot – 1.9881. There is no interim monthly level to stop the price as monthly pivots have been re calculated. The Ascending scallop pattern is strongly progressing.
The Analysis has been done with the CAMMACD.Core and Sit Systems
This article was originally posted on FX Empire