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Profound_Ambition

GBPAUD 4H

Short
British Pound / Australian Dollar (FX:GBPAUD)  
Profound_Ambition Updated   
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Support and Resistance Elliott Wave GBPAUD pound aussiedollar Supply Zone rejection lowerhigh lowerlow
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trendanalysis supportandresistance elliottwaves gbpaud pound aussiedollar supplyzone rejection lowerhigh lowerlow
Price getting ready to complete its 5th wave down to the next level of daily support, where at that point I will look for a potential reversal. Price came back for a bit deeper of a retracement & is now rejecting a strong level of daily resistance / the 50% fibonacci zone.
Comment:
50% fib broken to the upside, waiting for further confirmation
Comment:
snapshot
Last chance here, price must close on the daily below 1.73600 area
Comment:
snapshot
evening star 200 EMA rejection plus a bearish engulfing candle forming, we may be in route to make new lows
Comment:
snapshot
Sitting in nice profit : )
Comment:
snapshot
beautiful pullback, & now a continuation to the downside target
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