GBPAUD - The Bigger Picture - 5000pip Drop Pending! ✅

7 nov. 2023

This is the 2week chart for GBPAUD. We're in a 535 zigzag pattern.

We can see that we've completed wave B (3), which was an ABC correction.

We are now in wave C and anticipating a 5 wave move down, in line with the 535 zigzag schematic.

On lower timeframe we'll be looking for this current correction to breakdown.

Trade Idea:
- Watch for current correction to complete
- Enter on break of the correction
- Invalidation level for this short scenario is above the completion of wave B
- Swing Targets: 1.8 (1300pips), 1.7 (2500pips), 1.6 (3500pips), 1.5 (4500pips)

Goodluck and as always, trade safe!

7 nov. 2023

Note

Monthly Chart