GBPAUD - 4 Year Plan. Over 8,000pips To Be Made! Here we have the 2week chart of GBPAUD.
Wave A = 5 wave Leading diagonal.
Wave B = Complex WXY correction (3x3x3)
Wave C = Expecting 5 Waves
We are currently on final part of Wave B. As mentioned above, Wave B is a WXY correction so each part has 3 subwaves. We are in Wave Y, subwave B.
We believe the top has been made for wave subwave B and so we can look to trade the minor wave c (red move) with stops above the current highs.
GBPAUD 2D Chart
Trade Idea (Red Move):
- Risk entry on market open
- Stops above invalidation level
- Targets: 1.915 (800pips), 1.86 (1400pips)
Once the red move is done, we can focus on the blue move.
Goodluck and as always, trade safe!
