As per our weekly timeframe
analysis, we expect a very big movement to the downside, on OANDA:GBPAUD
. The movement could pick up quite fast, so it is crucial to be in the trade in it's beginning phases. If you are not in from the two previous trend breaks, it would be recommended that you monitor the pair closely now, as it is making a new correction to the upside, which will give us a new short opportunity. In fact, the pair seems to be forming a small flat correction
to the upside. It is still unclear if this correction will be over in a 3 wave movement, or it will evolve in a 5 wave or more complex correction to the upside. What matters, however, it that from this moment on we will be looking from sell setups in order to not miss this trade. Let us remind you that the medium term expected target is around a couple thousand pips away, making this an unmissable trading opportunities. Watch out for the coming GBPCHF
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Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
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