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GBP/AUD Ascending Scallop Hints For Uptrend Continuation

By:
Nenad Kerkez
Updated: Feb 3, 2020, 01:06 GMT+00:00

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.

GBP/AUD Ascending Scallop Hints For Uptrend Continuation

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

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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