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aarondiavova

price trap

British Pound / Australian Dollar (FX:GBPAUD)  
aarondiavova  
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
AScending scallop pattern forming (bullish pattern)

wait for a break of resistance (Ceiling)
wait for a RETEST (where price closes above the previous level of resistance)
Once price confirms resistance as a new support (floor), it is safe to enter.
Price doing this is a shift of momentum
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