FX:GBPAUD   British Pound / Australian Dollar
219 4
Short term I expect bullish price action for a wave 4 towards 1.93 zone.
Once this corrective structure will be over I expect at least one leg lower towards 1.83 zone to complete the weekly impulse lower.

Updates will follow.


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We might have seen a deep retrace for what I counted to be a wave B of a 'Flat' correction. However as always we need to look for confirmation, I will do that by means of a lower time frame consolidation and buy the bullish continuation. Until we see that, a new low is still possible.
Comment: GBPAUD might be correcting in an expanded Flat correction which resulted in a new low. However I still favor the wave count for a wave 4 correction for now. I'll be looking for the bullish break. It seems like we are in an impulse on lower time frames, if we see a consolidation we might be able to buy even before the break.

updates will follow
gbpaud jump on way again for 1.90 or possible high..
thanks alot
Thanks, I started to understand your style of trading . Sir, may you explain , in some detail , how you use fibs in forecasting , entry and exit strategy ?
I know that you fib impulses ! , but I dont know how and what retracements you are targeting and forecasting to pullback from it .It is clear that fibs have many uses in your strategy , may be it is the main thing used to identify and count waves .Please , can you explain that in a post if you have time , sir.I want to ask you also , if there are books or references on the web your strategy is based on it and I can read it to understand your great - looking strategy which my target is to learn it from you .
Thanks in advance , sir. If you have time , please dont forget to reply to me . By the way , I tried entering your web site and the counter on the site telling me that it will be open in 7000 hours , is that true and till that time can you open a blog or some simple thing to teach us that great stuff .
TimStuyts SamehAnwer1986
The count down on the website is not real in terms of how much longer but only to show that it is under construction. It is taking longer than expected but I will try to post as often as possible on TV until completion of the website. I'll try to create such a post you aks these day's. Good trading to you and thanks for your comments.
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