Is Wave (A) Complete? If So, We Could See A HUGE MOVE Up!
Here's the chart I posted back then to my subscriber's about an impending HUGE MOVE up (check the date on the chart for proof it's not a fake chart!): Back when I posted that, I was still a little bit premature as it did continue to drop some more from the time I posted that. But I knew that it was only a matter of time before we would see something explosive happen. Then on April 26th, I posted this post to my subscribers telling to BUY!: (P) GBPAUD: Starting A New Trend. When I posted that post, prices had already completed an ED and had just broken over the upper TL of that ED. You can click on that link to see what I was referring to.
But now that it has moved almost +1500 pips, what we are now about to see is a retrace of that move. It's impossible to sustain such a move without some kind of retrace. What goes up must come down! How far and deep will a retrace go I don't know. But even if it were to retrace only .382 of that move up, that would still be a nearly +500 pips move! But I suspect that it should drop even further than that!
Here's the of GBPAUD that I posted on April 26th before the explosion:
The you see in the main chart area is what I see is to happen in this pair in the coming days/weeks. I see this move up as the wave (a) of the larger wave (B) correction of that long wave (A) down.
For the more complete detailed charts showing the triggers I am looking for and to know where I am looking to sell, go here to get that post: GBPAUD: Massive Move Up Coming To End. Massive Reversal Coming! (Subscription required)
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!
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