GBPAUD

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GBPAUDBritish Pound / Australian DollarCAPITALCOM:GBPAUDSohailChaudharyGBP/AUD – Harmonic Completion + Bullish Divergence | Buy Stop Setup GBP/AUD on the 1H timeframe is showing a potential bullish reversal after completing a harmonic structure (ABCD pattern) near point D, aligning with a key support zone. Price action has been in a clear downtrend, but momentum is weakening. We can see bullish divergence on RSI, suggesting selling pressure is fading while price prints lower lows. This creates a strong case for a possible upside move. 🔹 Setup Type: Buy Stop 🔹 Entry: Above consolidation / minor resistance (Buy Stop zone) 🔹 Stop Loss: Below recent swing low (Point D) 🔹 Take Profit (TP1): 1.90770 (next resistance zone) 📌 Confluence Factors: Harmonic pattern completion (ABCD structure) Bullish RSI divergence Support zone holding after strong bearish leg Consolidation indicating accumulation phase 📈 The idea is to wait for confirmation via breakout rather than entering early. A buy stop ensures participation only if momentum shifts bullish. ⚠️ If price fails to break above the range and instead breaks below support, the setup becomes invalid.