QUICK Take: GBPAUD - Possible H&S Pattern Completing

FX:GBPAUD   British Pound/Australian Dollar
1287 10 32
Members of my site know this already and I have been preparing them for this to happen for awhile now. There is a POSSIBLE H&S pattern that is forming here. But it won't become validated for awhile, IMO             . That does not mean not to trade it! This pair tends to make LARGE moves within large patterns. Case in point:

My members were alerted to SELL this pair back on 9/15. Six days ago. At that time, I got the signal to SELL that I was looking for partly because I was expecting the right shoulder to form on this reverse H&S . From that point we sold to now, it has already moved over +550 pips! That is over +2000 pips profit for us on this trade following my trading method! So now that it has dropped here, here is a preview of what I am expecting to happen. This next phase should be a corrective one with a complex wave (b) forming. No idea in what for will this wave (b) take yet as there is no indications yet. But we should now see prices wander in a large sideways pattern for awhile. But there are A LOT of pips possible to be made during this correction.....if you know what to look for! My members will. And we'll be adding even more pips to our already large profits this year! We've been absolutely KILLING this pair so far! So when I tell you what is to happen here, it is with some order of confidence that I am correct. This is the proper way to use wave counting. When you get the count right, you can just ride it for all it's worth!

Comment: For all of you who went in and BOUGHT on the advice of others....my advice is you need to learn to trade on your own and not blindly follow others advice. This is why I do not offer a "signal service" where you only copy my trades and never learn! I do my best to show you the what and why of my trades so you can learn! In this trade, my subscribers just made over +2000 pips on this 630 pips drop in this SHORT trade we took. Now it is near to where I predicted it would go to and we closed the trade for HUGE profit! But it is still NOT the time to BUY this yet as there is not any BUY setup present yet. And no, just seeing a "hammer" or pinbar form is NOT a good reason to take the trade! That is NOT a good way to trade! Wait for PA to tell you the trend is done!

Comment: As you can see, it is dropping more just like I said it would! Many people here and also many of my members have keep asking me "Buy now? Buy now?" and I keep telling them the same thing...WAIT! Be PATIENT! Now is NOT the time to BUY! I know some other posters here have already suggested to BUY and anyone who listened are now in trouble. I'm sorry. I said not to BUY. BUT is it near time to BUY? Maybe. Soon. It still has not reached the target I see for it yet. But when it is time to BUY, of course my members will be the first to know...

Trade Log: http://bit.ly/29AeqnC
Year-to-date Profits: +5,794 pips.
Weekly Best Bets Newsletter: http://bit.ly/2uEvQWF
This Month In Indexes newsletter: http://bit.ly/2tGqpcy
Want results like this? Join us: http://bit.ly/29x4bfM
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

THINK before you comment! It takes MUCH work and time to create these posts! So before you decide to criticize me for what I post, or how I choose to post, remember that I don't just throw a chart up with a few lines on it with a few arrows showing 2 possible directions and that's it. I can do those in 5 mins. My charts take MUCH effort and I put much detail into creating them for your benefit. I hope it helps but I also hope it's appreciated!

If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I can know my post was helpful to you. As always, any CONSTRUCTIVE comments are welcome whether AGREE or DISAGREE.

If you desire to receive ALL my analysis on pairs I trade and cover as well as REAL-TIME trade signals, consider joining my private group and my members. You'll get REAL-TIME trade signals and analysis as the trade happens and discussions those trades live. Interested? Go to efxselect.com to subscribe and get these signals in REAL-TIME!

Faceb00k: http://goo.gl/Mb81w7
Website: http://www.efxselect.com to subscribe
Join my Skype chat room! It's FREE (requires registration): Skype ID: andrewefx
Documented Trade Log here: http://bit.ly/29AeqnC
Hi buddy when are you planning to add a long on this? I'm already in unfortunately
Not until the PA tells me that it is time. Because there is always the chance that it will keep falling. You never want to bet against such strong downtrend until it PROVES itself that it is done!
thank you for your time to put this analysis together and supporting our traders' community in general on TV.
You are very welcome!
How do we sign up to your subscription ?
go here: http://www.efxselect.com/membership-account/membership-levels/
Nice call.

I go long @ 1.6834 (1.6810)

SL 1.6775

1. TP 1.7284
2. TP 1.7611

and later

3. TP 1.7992
Thanks alot for publishing ! really great effort
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out