GBPAUD Buy signal

Pattern: Channel Up on 1D.

Signal: Buy as the price remains above the 1D MA50, which during the previous bullish leg to the Channel's Higher High, was the Support.

Target: 1.96000 (just below the 2.0 Fibonacci extension).


Extra indicators:

* The 1D MA50/100 Bearish and Bullish Crosses happened almost at the exact levels of the Cup patterns. An internal Channel Up followed the Bullish Cross.
* The RSI sequences of as the Cup transitioned to a Channel Up, are very similar.


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