RCP
Long

GBPAUD: The great setup to go long

FX:GBPAUD   British Pound/Australian Dollar
Hello traders.
FX:GBPAUD             is ranging between the channel and making harmonic moves as we see on the chart. the best opportunity to get involved in is to wait until the price finishes ABCD pattern @2.1260 at the channel support level and then go long. Besides this ABCD pattern is in 3 drives pattern. If you look left we have a very nice structure at this level. As we see the C leg of the pattern reversed at the edge of the channel which was the 3rd retest with the confluence of 200MA and long pinbar .
Avto_T
Green Luck
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Congratulations! Your chart has been selected to be highlighted as the currency post of the day! The GBPAUD may continue moving to channel support after breaking to a new monthly low.
+1 Reply
RCP walker.england
Thank you, thats great! Where I can see my highlighted chart?
Reply
Iam looking to go long at 2.12764, what do you think?
+1 Reply
It has been displayed as the top suggested currency chart on Tradingview for yesterday. Congratulations and best of luck in your trading.
+1 Reply
RCP walker.england
Yes, I see it. Thank you! Good luck!
Reply
Congrats man! Very nice find, textbook harmonic moves!
If the last extension goes to 1.41 as the one before then it would be right at my preferred buy zone at completion of a possible bullish Gartley. It's also right at the 1.1200 round number, my ideal entry would be 1.1210, but if I look at your analysis I might shift it up a bit...:
GBP/AUD: Down to completion of a bullish Gartley?
+1 Reply
RCP KVE
Thanks mate! Very nice. Your gartley finishes little bit below of my 1.414 ABCD.
Reply
KVE RCP
Looking good, might take off soon...
Reply
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