GBPAUD M15 Bearish Running Flat Correction.
M15 I'm looking at selling for the larger C wave down that has the potential to turn into a motive structure so we could get a big drop, I'll 1st target the 100fib and 2nd TP 161.8 fib. I'm only interested in the sell, buy scalp maybe risky. Where the internal wave C up ends is anyone's guess, it may turn into a expanding flat so wait for your sell setup before jumping into the sell.
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If you wish to know how I analyze and trade these setups, by all means send us a PM.
Keep an eye out for updates.
Good luck and trade safe!
If you like this idea hit the thumbs up to show your appreciation for this free analysis, You seen these counts and analysis here first!
Thank's to all the traders in advance that hit the thumbs for your support!
Comment:
If you took the buy you would have enjoyed 250p to the upside like I did and be sitting in a sell at BE with around 220p floating profits. Another lazy day at the office done. enjoy your weekend!
Comment:
Analysis going as planed, we got the correction as an expanding flat instead of the running. Look for your sell setups 1st targeting the 100fib.
Comment:
The corrective structure has now changed as the top of wave B was broken without giving the sell setup, bull flag forming but it's risky. I'm only interested in the sell if I get the setup.