GcNaif
Short

Trying to catch some pips on this retracement based on abcd

FX:GBPAUD   British Pound / Australian Dollar
392 5 18
Based on the current price action ,it looks like this pair is in process of some retracement. i will get into short at the break of trendline in brown to catch the remaining part of the CD leg of potential bullish harmonic pattern . Expecting the D to be printed near the blue trendline which is around 2.075.

entry ,stoploss n target on chart

Disclaimer:
I am a Chart Slave.Thank you TradingView and @nmike.
Update: this trade did not get triggered and not valid any more
+2 Reply
doesnt look like, entry did not get hit
Reply
Wise entry method ;)
Reply
Smaller abcd completion earlier it seems.
Reply
hi gc! is this still valid?
Reply
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