GBP/AUD recently reversed up from the accumulation area around 1.6290, reacting to opening level of the previous bullish order block from March 27th.
This morning GBP/AUD opened up around the previous daily close, as shown by the HLOC, and then started rising.
According to the Market Stats, we had a 56.07% probability to see the market make a daily bullish candlestick.
That, combined with a price action confluence at the scalping and intraday levels of the Market Pressure and an alignment of the RSI above the 50 threshold, as indicated by the Algo Zones, supported the buy signal provided by the Target Geometry at 1.6426.
The currency pair rallied 108 pips from the entry point hitting target 10.
