WaveAnalysis

GBPAUD Long Trade Setup

Long
FX:GBPAUD   British Pound / Australian Dollar
Pattern-wise, we have a complete regular flat and a potential reversal structure is in the making. That's why I'm waiting for a small correction to place a pending order. If it makes a correction for more downside as it did inside the A wave, I'll hedge my trade and buy it again from the bottom.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.