GBPAUD Look For The Big Wave Down
Updated
Hello traders,
It looks like to me, the B wave is complete and we are forming a WXYXZ sub wave pattern within the bigger C wave to the down side.
Look for a small move up to (1.801-1.802) range before getting the expected break down to (1.756 zone) and continuation a bit further more down to make a new low.
Note: If the B wave is incomplete, we could see 1 more move up to break the 1.834 top before going down but I think the probability of that is very low in comparison to this forecast.
Check out some of my other ideas down below.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below.
Don’t forget to like & follow, I will be posting forecasts & trade setups on a regular basis!
Thank you,
Good luck
It looks like to me, the B wave is complete and we are forming a WXYXZ sub wave pattern within the bigger C wave to the down side.
Look for a small move up to (1.801-1.802) range before getting the expected break down to (1.756 zone) and continuation a bit further more down to make a new low.
Note: If the B wave is incomplete, we could see 1 more move up to break the 1.834 top before going down but I think the probability of that is very low in comparison to this forecast.
Check out some of my other ideas down below.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below.
Don’t forget to like & follow, I will be posting forecasts & trade setups on a regular basis!
Thank you,
Good luck
Note
We are still looking for the down move, but just watch out for a small up move to complete a correction pattern.Note
So far going as planned in last screen shot, and now we continue:Note
Going very well so far!! I will post a new GBPAUD chart just to make things clearer!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.