This is the 2week chart for GBPAUD. We're in a 535 zigzag pattern.
We can see that we've completed wave B (3), which was an ABC correction.
We are now in wave C and anticipating a 5 wave move down, in line with the 535 zigzag schematic.
On lower timeframe we'll be looking for this current correction to breakdown.
Trade Idea: - Watch for current correction to complete - Enter on break of the correction - Invalidation level for this short scenario is above the completion of wave B - Swing Targets: 1.8 (1300pips), 1.7 (2500pips), 1.6 (3500pips), 1.5 (4500pips)