NGSfx

GBPAUD longs in play

Long
FX:GBPAUD   British Pound / Australian Dollar
Looking to enter another runner on this swing. After strong bullish momentum price had correction to 0.5 fib and now is closing above 0.618. Gaining momentum on lower tf. Waiting for confirmation. 1.618 levels, sitting near emas/ma’s on higher tf and near previous high. Seems like a reasonable area to put a take profit. Always trade safely!

Comments

2h gaining momentum to upside and looks to be consolidating above the 50ema. I do not believe this is a head and shoulders pattern.
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