dojitrader
Short

Potential Profit From Your A B C's ?

FX:GBPAUD   British Pound / Australian Dollar
59 1 0
I can think of at least a couple other ways to count this zig/zag/combo, but,
I think I'll take a shot at this one. It has small risk to know it's wrong and yet,
a pretty good profit if it's right.
I can see stronger resistance at 1.8050 so, much beyond a = c and this
is probably the beginning of another up leg - correction over !
I'm not very knowledgeable with the cross pairs, however, with BOTH cable and aussie turned very weak, you have to wonder
why this is moving at all. Let alone, a powerfully impulsive look to the upside.
I guess I'll just have to mark this one down towards cheap education !
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