WaveAnalysis
Short

GBPAUD Short Trade Setup

FX:GBPAUD   British Pound / Australian Dollar
Hello Traders

My expectation is a very big down impulse here and the last top can be the end of the corrective structure. If it so, the drop should be the reversal impulse and now I'm waiting for a correction to place an entry order. Of course, it can also make a correction above the blue trendline and another up impulse. But we will have enough time to move SL to BE in the worst case scenario.

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Trade with care.
Bulent
Wave 1 sames to have overlaping waves. What do you think?
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WaveAnalysis nightfoxFX
@nightfoxFX, I don't see any overlapping there.
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