GBPAUD Weekly corrective downtrend

FX:GBPAUD   British Pound/Australian Dollar
458 6 55
The GBPAUD             is in a weekly down trend the Y wave is either a 3 or 5 wave pattern , In any case i will sell on the break of the lower degree up trend. I would be looking for buys only after the down trend is broken and price consolidate above said trend.
Training : add to skype mangal457
do you think it will go up after retesting the resistence become support?
yes this down move is corrective so i'm expecting more up .Correction are complex sometimes .
+4 Reply
danndc anilmangal
what level do you think it could reach? i am going to enter at 19070 once it retrace in h4 and i will aim for 2.0000 end even above it

what do you think about GBPNZD? could it be joint to this pair?
I will post the GBPNZD on Monday . I do two daily webinars where I show in detail the structure and what we are looking for ,these webinar are for my students ,but i do open them to the public occasionally,I could open them for a couple days if there is any interest here to see what we do.
+4 Reply
your trend line is to confirm the down move, and the price bounce on it, so to know to not enter the trade on south: great tool
+1 Reply
long term down trend
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out