GBPAUD: A LONG TRADE SETTING UP FOR THE WEEK
Greetings traders and investors from around the world. Hope you have a wonderful weekend?
While going through some price chart, GBPAUD caught my attention as a potential long entry is possible setting up for the week ahead.
From the high in January, we have seen a massive decline and the past few weeks have been a sideways consolidation. My lead hypothesis suggest that we are currently having a triangle in the wave 'b' position of a counter trend (a)(b)(c) rally to complete our wave (iv), which will give way for our final wave (v) decline.
Our invalidation (Key level) is 1.72721 which is the extreme of 'c' of our triangle in the wave (b) position.
Trade safe and don't forget to manage your risk.
Do have a wonderful trading week ahead.
Please don't forget to leave a like and comment, let me know of your view in the comment section.
Love
While going through some price chart, GBPAUD caught my attention as a potential long entry is possible setting up for the week ahead.
From the high in January, we have seen a massive decline and the past few weeks have been a sideways consolidation. My lead hypothesis suggest that we are currently having a triangle in the wave 'b' position of a counter trend (a)(b)(c) rally to complete our wave (iv), which will give way for our final wave (v) decline.
Our invalidation (Key level) is 1.72721 which is the extreme of 'c' of our triangle in the wave (b) position.
Trade safe and don't forget to manage your risk.
Do have a wonderful trading week ahead.
Please don't forget to leave a like and comment, let me know of your view in the comment section.
Love
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