GBPAUD Weekly corrective downtrend

FX:GBPAUD   British Pound / Australian Dollar
572 6
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.
long term down trend
+1 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
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
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