GBPAUD LONG AB=CD
going long on this AB=CD pattern. the c leg retrace of A-B was at 707 fib so C to D leg 1.41 fib ext. we also have convergence between price and momentum indicator. Also if you measure the previous leg C retraced to 0.61 then price dropped all the way to that 1.61
Disclaimer
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.