GBPAUD - Catch This Massive 1600pip Swing Trade!
GBPAUD is currently in a 335 ABC correction. We are in wave C now and expecting 5 waves.
For wave C, we've seen subwave 1 and currently in subwave 2. Expecting subwave 2 to complete soon. We'll be looking for a breakdown to confirm that subwave 3 has started.
We're expecting price to stay below invalidation so we'll be keeping our stops above that level for now and then moving it lower (above subwave 2) once subwave 3 has been confirmed.
Trade Idea
- Watch for completion of subwave 2
- Watch for lower timeframe trendline break, BOS etc, to confirm reversal
- once entered, keep stops above invalidation
- Targets: 1.92 (1000pips), 1.86 (1600pips)
As always, trade safe!
For wave C, we've seen subwave 1 and currently in subwave 2. Expecting subwave 2 to complete soon. We'll be looking for a breakdown to confirm that subwave 3 has started.
We're expecting price to stay below invalidation so we'll be keeping our stops above that level for now and then moving it lower (above subwave 2) once subwave 3 has been confirmed.
Trade Idea
- Watch for completion of subwave 2
- Watch for lower timeframe trendline break, BOS etc, to confirm reversal
- once entered, keep stops above invalidation
- Targets: 1.92 (1000pips), 1.86 (1600pips)
As always, trade safe!
Note
GBPAUD 2Week 
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Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.