FX:GBPAUD British Pound/Australian Dollar
Based on cycles. It is still early in the daily cycle, so being a conservative, I would wait for a support to be found and then buy the pullback as highlighted.
Comment: As you probably have read that a lot of top traders here on trading view published this idea as it has very high risk reward, an explanation for that based on cycles only is that we just had intermediate cycle count of 658 days on 15th August.So this DCL should not go lower than that ICL (it can match the price and not closing below).
Comment: Unless it regains support above the blue line, I am staying away from opening big longs. Price is closing higher lows but still cannot close above highs
Comment: Ok watch this 4H candle and see if it closed above prev candle highs