FX:GBPAUD   British Pound/Australian Dollar
The GBPAUD             is in a daily correction ,since corrective structure could be 3 waves or 5 waves it is still an open case for a 5th wave down to complete the Z yellow wave.I am not in the business of guessing so i'll wait to see if we break the up trend line that is now in the making(red line) before I sell. As long as it makes impulse to up side I will buy after every correction on lower degree.
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bounce?
+1 Reply
it looks like a long side ways corrective structure
+1 Reply
Looks like an impulse...
Reply
anilmangal PRO IvanLabrie
yep, at the top of corrective pattern so it's a break or bounce
+5 Reply