Hello everyone! I wish you would have a great week.
I wanted to talk with you about this pair. Its GBPAUD and we have an elliot wave formed. From the wave 0 to 1 we have a breakout of that exctended trendline. From the wave 1 to 2 we have a retest of that trendline. Now the price formed the 3rd wave and the 4th was formed yesterday. The stoch is crossed on the overbougt zone and we have a confirmation to short this pair. Our target would be to the 5th wave but the first target to be much safer is that zone on the 3rd wave.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.