What the news can do? (GBPAUD)

Starting from 14 May (you may refer it here ), lately confirmed by Double Bottoms, this Bullish Divergent Bar setup was unconvincing gravitating around 2.3730 level. The angle, presented though, was not very acute. Stop Loss below the Dbar has been almost hit - just few more pips are the order would be closed.

But it is well known that "the longer the range is, the more far away the move will be".

Any way pip by pip the move was on.

On this 4 hours chart with green lines are marked entry points issued by Chaos Trading System. As seen first few are close one after another. The the 38.2 level was tested and the next bar is The News Bar - move up was as high as the previous six session bars!

Even this strong impulse didn't help taking 61.8 - 78.6 level (you can see it just on the left of the red angle lines).

This is why Stop loss was positioned just below 61.8 level. Any way there are two more buy signals - a fractal and momentum (AO) and two pending orders have placed accordingly

The steep move, supported by Double tops and strong 78.6 resistance level from current point of view might form Bearish Divergent Bar. On daily chart the price just touch the pink line which also could act as a resistance.

On the other hand Accelerations is very strong and momentum on 4 hours chart just crossed zero as a result of this acceleration and after taking a breath could continue.