GBP/AUD short term possibilities.
Updated
Be careful of anything British these days. The winds of change may rock the GBP at any time. Of course this could play into your hands but you need to be vigilant of the news with your finger on the button.
Or you can trade it on the HTF where the impact will be less noticeable.
To business this steep impulse up has given us retracements between 35% and 57% We are in that window now.
I am cautiously bullish with at least another push up before a HTF pullback.
A strong 1 hr. close below the TL may signal a HTF correction watch for a shallow pullback or bear flag after the break.
Or you can trade it on the HTF where the impact will be less noticeable.
To business this steep impulse up has given us retracements between 35% and 57% We are in that window now.
I am cautiously bullish with at least another push up before a HTF pullback.
A strong 1 hr. close below the TL may signal a HTF correction watch for a shallow pullback or bear flag after the break.
Trade closed: target reached
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