Balazs
Long

GBPAUD - 1 Done, More to Go!

FX:GBPAUD   British Pound / Australian Dollar
49 1 6
Anticipating some big movement upwards now that we have finished a completed 5 wave move. After the ABC correction completes we're looking to BUY.

Potential targets are:
- Previous wave 5 high
- 127 extension (which happens to be around the same length as the larger wave 1)
- 1618 extension (along the previous main structure, June 30, 2016)
nice chart my friend
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