GBPAUD Daily Head and Shoulders Pattern Formation Setup.. Buy!!!

GBPAUD Daily Head and Shoulders Pattern Formation Setup.. Buy!!!

I am long from 1.927 keeping daily 20 ema in mind. On daily mcad is still bullish and yesterday's low is 1.9215. Daily 20 ema is at 1.9232 and daily close below 20 ema will confirm bearish action otherwise jumps upside will remain intact. Keeping that in mind I am on upside ride as we have 4hr rising trendline also at 1.9243.

I am expecting move towards 1.95 to make head and shoulders pattern on daily and then down again but all depends on price action at 1.95!!!! For now I am on bullside keep stop below 1.916.. Lets see how this play out!!!!! Trading above 20 ema on daily and rising trendline on 4hr is bullish!!!!!