GBPAUD reversal trend.
ABCDE correction in play, final wave 'E' rests at support level (1,7340)
According to wave theory, market will give us a reversal trend upon completion of wave E.
On the other hand market enters 3rd impulsive wave of the elliot wave count.
Wave E is not fully complete, pay close attention to price action on lower tf.
Observe how price reacts around that area and be on the lookout for price action.
Should price break further south this setup becomes invalid. should the level hold! take precise measures.
According to wave theory, market will give us a reversal trend upon completion of wave E.
On the other hand market enters 3rd impulsive wave of the elliot wave count.
Wave E is not fully complete, pay close attention to price action on lower tf.
Observe how price reacts around that area and be on the lookout for price action.
Should price break further south this setup becomes invalid. should the level hold! take precise measures.
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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.
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.