GBPAUD Planned Movement For Life
Updated
HELLO TRADERS,
There are 2 scenarios that are most likely to happen now in my opinion.
First option is that we go straight down from here to the 1.76 / 1.7561 range. That would mean that our regular flat pattern is complete and we are ready for the third impulse.
Second option is that we first come down to test the 1.789 zone and complete a small B wave structure within the slightly bigger ABC pattern. And secondly, we go back up to 1.815 / 1.82 range to complete a slightly more complex regular flat pattern and then finally we get the bigger down impulse to the same target as per the first option!
Check out some of my other ideas posted under 'related ideas' down below.
Don’t forget to like & follow. I will be posting forecasts & trade setups on a regular basis!
THANK YOU & GOOD LUCK!!
There are 2 scenarios that are most likely to happen now in my opinion.
First option is that we go straight down from here to the 1.76 / 1.7561 range. That would mean that our regular flat pattern is complete and we are ready for the third impulse.
Second option is that we first come down to test the 1.789 zone and complete a small B wave structure within the slightly bigger ABC pattern. And secondly, we go back up to 1.815 / 1.82 range to complete a slightly more complex regular flat pattern and then finally we get the bigger down impulse to the same target as per the first option!
Check out some of my other ideas posted under 'related ideas' down below.
Don’t forget to like & follow. I will be posting forecasts & trade setups on a regular basis!
THANK YOU & GOOD LUCK!!
Note
It's looking more like WXYXZ correction which means that we are likely headed to break that top before any reversal! Note
Expecting the down move now that we made the up move. However, we can't really sell right now because we have to wait for a setup. I will keep you updated!
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