As our take profit level is almost reached completeing the corrective wave of impulse wave 1, we are waiting for confirmation of a bearish movement to to reach level 0.70599 forming both the harmonic cypher pattern and the big impulse move leg 3.
On the monthly time frame GBPAUD price movement is on its way to hit a key level on the Fibonacci retracement which is at 61.8%. I Predict that a bullish cypher pattern (XABCD) is to be formed. Normally I would wait for the buy set up once the Bullish cypher pattern has completed because predicted chart patterns adds a lot of risk to your trade. However, on this...
