Hi there fellow traders! My view on GBPAUD is bearish, I believe the market is creating Lower-Lows & Lower-Highs, which can also qualify as a 5 wave Elliot pattern. Looking closely at the 4H chart, we may have a achieved a broken trend line with a possible re-test as Resistance. GBPAUD can go as low as hitting our (support) trend line (this may be as our second target). Good luck.
Transaction en cours
snapshot

It is important to protect your profit since the market is running into a major resistance.
Commentaire
Support, not Resistance.
Transaction en cours
Target achieved, price may still go as low as hitting our support trendline.
Chart PatternsTrend AnalysisWave Analysis

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