SteveNixon
Short

Possible short trade setting up on GBPAUD

FX:GBPAUD   British Pound / Australian Dollar
This is a purely structure based trade. Both the AUD and GBP are showing weakness at the moment so ordinarily I would not take this potential trade. Structurally we've had an impulsive move toward the ???? target. Next we had a 5 wave move down and now price is in an ABC correction. The A wave ( zigzag ) down is not complete so the possibility of another impulsive wave down is high. Possible entry would be on the break of wave 2.

This is not investment advice
I'll update this idea as it develops
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Steve Nixon
Trainer & Mentor @logicfxtrading (links Below)
Comment: As predicted -target reached - Now waiting for new direction
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