NORECAFX
Long before ShortGBPAUD
The Pair seems to be in Monor Wave 2 of Intermediate Wave 3. A great Intraday long Opportunity trading Minute Wave of 2.
However i dont like trading Wave 2 When Wave 1 is a diagonal..
If this Count is correct, THEN we will see a short term rally about 240 pips before we see a long term decline assuming Wave 2 is a zigzag.
Short Minuette Wave (iii)GBPUSD
Minuette Wave (ii) Within Minute Wave seems to be comeplete and the pair is about to take a nose dive.
IF this count is correct THEN the pair is likely to fall to 1.2662 - 1.2000
A break above 1.3042 Invalidates the count.
1.2800 Is the most Critical level for this scenario
Short Minuette Wave (iii)GBPAUD
Just like last week, The pair is still in MinuteWave within Minor Wave 3. An Minuette Wave (iii) seems to be presenting a golden Opportunity.
We go short IF price break Minuette Wave (ii) channel.
IF this count is Correct THEN the pair is likely to fall to 1.6694 - 1.5800
Critical level for this scenario is the level 1.7130
Dollar Index It looks more bearish than BullishIt seems to be in Minor Wave B Unfolding as a zigzag within Intermediate Wave (B) which is also a zigzag.
Minute Wave and of Minor B looks complete.
IF this Count is correct, THEN the Index is likely to fall to 94.94 - 93.00 or lower.
Alt Scenario: A break above 95.70 can be a possible Combination.