I'm watching this pair closely, there's a time at mode downtrend currently active but the target was already reached. We have a lot of interesting news events today for both currencies which makes me think we will have an excellent opportunity on the long side here. I'll update with my suggested entry once I'm convinced enough. Longer term time at mode targets are still active and valid, so I think we will soon reach them based on both technicals and fundamental information. Cheers, Ivan.
Hi guys, I've been using EW for quite sometime, had a few rethinks about GBPAUD along the way.
But patterns become clearer towards completion, as this pair is carving a near perfect Impulse Wave,
now at minor 5th. Not trading this pair but it's such a beautiful wave.
IvanLabrie
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Nice!
IvanLabrie
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Target 1 reached ahead of time. Might start a reversal from this level.
IvanLabrie
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Covered short. Interest rates helped with that.
Looking to buy next, but not now.
IvanLabrie
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Monthly view:
IvanLabrie
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Need I say more?
Both gbpcad and gbpaud look fairly bullish to me. I'll try to get in after a correction.
IvanLabrie
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Sold market, tp at the entry level for the long. Pretty tight stop, will cover the loss in case the long doesn't work, and also leave me with a 1% profit on top.