GBPAUD - Wait for LONG - Though 200 Plus Pips down as today !

OANDA:GBPAUD   British Pound / Australian Dollar
A-SUMMARY : We FAVOUR Wait for Down-trend to Run its COURSE.
Then LONG the PAIR !!

Both Month & Weekly suggest LONG Continuation !
– Strong Up move to Upper Wedge (Zone FIBS 78.6%1.94373 &1.205478)
WEEKLY Chart :
B-Current Week cum NEXT WEEK Analysis: (Y180427 - Friday to Y180504)
DAILY Chart : > This pair should weaken short-term .
> Look for CHANNEL Break !!-IF it does Wait for LONG Opportunity
(Counter Trend Trade can also be done ! - ie 200 PIPS to tale also !
This is a TRADING CHOICE !!)
> Could retrace to FIB50% @ 1.78295 & Trendline Zone 1.80211
> Look for H4/H1 Entry @ Trendline OR Pull Back

We FAVOR A LONG Thereafter-Wait For Trade To FORM !!

Stay Nimble-TRADE SAFE !!


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