GBPAUD EW ANALYSIS: Bearish Continuation SetupGBPAUD decline from March high is taking the shape of Elliot Wave five-wave impulse pattern. Price seems to have completed wave (iv) correction at previous 4th wave resistance circa and made a double top.
Price is expected to continue lower if wave (iv) has already top.
Targets below wave (iii) low is probable for wave (v) of ((iii)) in black.
Do you like this analysis? Support it with your "like" and engage in the comment section.
Thank You!
Veejahbee.
Gbpaudsignal
Is your ship SINKING?1.77000 was a key monthly level, and also a lovely round number so i had an order set here and the bears pushed price down to this level perfectly before bulls took over pushing price up 700 pips! My target zone is 1.88000 as you can see on the chart, again this is just another key level at a lovely round number.
Who said trading has to be hard? That's rite the people who want you to fail say it, the people who cant be bothered to put the hard work in! The people who will always be stuck in a dead-end job! The people who want you to think trading is hard so you pay for there help! So many people out there that you just need to block out and cut off as they are only dragging you down with them. I got rid of so mant toxic people in my life and as a result of this my quality of life improved and so did my trading. Sometimes you have to throw a few heavy things overboard on a sinking ship to keep it afloat.
If you would like any help trading then send me a message and i will be happy to help :)
Lots Of Love Laura x
GBPAUD NEXT TRADE SETUPGBPAUD is in impulsive Bearish momentum and is going to test its immediate support. We can gain some confirm sell pips from here and after which we will be looking into LONG entries.
Entries should be taken only if all the rules of entry are applied.
Comment below for any kind of assistance.
GBPAUD - LETS GO LONGPrice broke through support only to retrace back to it and is testing the 50.0 Fibo level
There is a lot of divergence on the lower timeframes confirming a possible change in trend, I suspect that price will consolidate for a bit only to bounce off towards the next level of resistance