Short term I expect bullish price action for a wave 4 towards 1.93 zone.
Once this corrective structure will be over I expect at least one leg lower towards 1.83 zone to complete the weekly impulse lower.
Updates will follow.
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Once this corrective structure will be over I expect at least one leg lower towards 1.83 zone to complete the weekly impulse lower.
Updates will follow.
timstuyts.com
facebook.com/timstuyts
Note
We might have seen a deep retrace for what I counted to be a wave B of a 'Flat' correction. However as always we need to look for confirmation, I will do that by means of a lower time frame consolidation and buy the bullish continuation. Until we see that, a new low is still possible.
Note
GBPAUD might be correcting in an expanded Flat correction which resulted in a new low. However I still favor the wave count for a wave 4 correction for now. I'll be looking for the bullish break. It seems like we are in an impulse on lower time frames, if we see a consolidation we might be able to buy even before the break.updates will follow
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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.