JayPositano

GBPAUD buy, and guiding idea

Long
JayPositano Updated   
FX:GBPAUD   British Pound / Australian Dollar
This helped me through the last days with GA. I started this when it hit support in early december. The second purple and the yelow scrible are copies taken from september. The slope of the black line was taken from the start of december. The aim is to mimmic earlier behavior or character of the pair.
So far it predicted the end of the down leg nicely. The set up of the long was done much more zoomed in, based on price action at the time.
Just sharing, I don't claim it to play out correctly. It could suck, so see for yourself what you do with it. Oh, yeah, this is my first idea post. It shows, but I hope you like it.
Comment:
I was having some second thougts about the floor, since there were some major levels still to be touched. 2.04 or 2.035, or even the extension of the channel bottom. Sometimes what I think is a higher low, is just part of a bigger move down. I'll have to practise patience more. I still like the general idea though.

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