GPB/AUD: Possible bearish butterflies, very early stage...

FX_IDC:GBPAUD   British Pound / Australian Dollar
18 0 1
Still very premature but I want to look at possible options for when the triangle breaks!

This is a less likely scenario imo             but if we break up and get above the B point of the possible butterflies this would give us an excellent opportunity to short this pair.

Possible targets could be taken quite optimistically since we could be on our way to the lower channel boundary of that "up" channel on higher timeframes!

Be aware of the fact that depending on where you draw C, and because B is not quite at the 0.786 level, we could also be looking at possible shark patterns with completion of D well below these butterfly D's, namely @ 0.886 or 1.13 of XA...

So this is in fact the perfect scenario here, trying to pick the top before a possible massive decline... And we know how often we succeed in doing that...! So very hypothetical this one but still worth considering for me...
If PA falls below one of the possible C's or below A this idea will be invalidated!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out