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spencer03

GBP-AUD

British Pound / Australian Dollar (OANDA:GBPAUD)  
spencer03 Updated   
OANDA:GBPAUD   British Pound / Australian Dollar
Trend Analysis
8
2
trendanalysis
RSI in the overbought area.
On Monday there can be a turn for a long journey south. The first stretch could give 6 consecutive bearish day candles.
Short entry @1.98.
Comment:
I would like to add something to the upper chart, namely that if not on Monday, then at the latest on Thursday, the wave 5 of the blue C could end.
Nevertheless, as long as the trend channel is not left down, i.e. 1.8895 is not broken, everything remains in bullish mode.
After the end of wave 5 of the blue C, with an ABC correction even more higher price marks could be taken... so as the orange path shows it... in the direction of 2.00118, 2.02695 to 2.0343.
snapshot
Comment:
Comment:
Arrived,
snapshot
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