akhostov
Short

3 Drives Pattern on GBPAUD

FX:GBPAUD   British Pound/Australian Dollar
55 0 2
After seeing a notification from someone I followed presenting an idea on GBPAUD             (which I didn't look at yet), I decided to take a look at the pair and was amazed to find my first 3 drives pattern. This pattern is quite simple... just 3 AB=CD completions.

The AB=CD patterns are all shown in blue arrows with the orange arrow showing where I expect the pair to move to as a first target. Now usually I like to use the 0.382 retracement as default targets (if it matches with structure)... but here I find the best one to be the 0.5 retracement.

Will see how it goes.

Trade wisely, Trade responsibly.
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