GBPAUD compelling opportunity for downside!
Hi traders,
The pair GBPAUD giving a high probability short into the lows, in the form of a 3 wave move. I am expecting a break of the sideway support line (as outlined on the chart) and a continued breakdown into the lows into the support zone where it could bounce. I expect this down move to be an impulse.
Like and follow all my ideas to motivate me to continue posting more content.
Best regards,
Tom_Killick
The pair GBPAUD giving a high probability short into the lows, in the form of a 3 wave move. I am expecting a break of the sideway support line (as outlined on the chart) and a continued breakdown into the lows into the support zone where it could bounce. I expect this down move to be an impulse.
Like and follow all my ideas to motivate me to continue posting more content.
Best regards,
Tom_Killick
Note
A nice retest of the sideway support turned resistance line. It is now breaking down, and looks like we will finally get the 3 wave move we was expecting, giving a move to the support zone below.Note
Very strong breakdown today. Patience of waiting for the retest of sideway support turned resistance proved worthwhile.Price is now in free fall to downside and is capable of making a strong down move.
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Related publications
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.