WaveAnalysis

GBPAUD Possible Short Trade

Short
WaveAnalysis Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Hello traders.

There is a chance for X and Z waves but these are optionals. That's why I like to take a short trade and put an entry order.
Comment:
You can find detailed video analysis in Twitter. The link is in profile page.
Comment:
First trade stopped out with break even. It looks like Z wave is in the making. I put an entry order to 1.79500 and stoploss 1.80100
Comment:
After last down move, structure changed, but bigger picture is still same. My entry order still at 0.886 retracement and 1.118 extension level.
Trade active:
Up move is very fast and it has a very big momentum for more upside. If you get a chance, take off the half of your trade. As I explained in video analysis I did the exact same thing when it was breakeven.
Trade closed: stop reached

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