GBPAUD - Bullish signal (new indicator testing)

HI BIG PLAYERS,

here I'm testing a new indicator, that allow to scan forex markets for one cheap trading entry.

On this chart the indicator made a signal for longsetup. The Takeprofit I set to the last high pivotpoint and StoppLoss by the next lower Fibonacciline. Entry price is the high of the bar where signal was true.

Moreover, the RSI shows a bullish divervence.

The Risk-Return-Ratio (#RRR) is 1:3

Kind regards

NXT2017