GBPAUD Monthly Time Frame Elliot Wave 3 Massive move ..????????
GBPAUD Monthly Time Frame Elliot Wave 3 Massive move. What do you all think ???????????
The Wave count across all time frames seems to check out ok. The Red Folder Aussie News this morning drove price into and beyond the 0.382 Fib retracement which is Ideal for the completion of the wave 2. So in my view we're awaiting wave 3 to start which could be anytime between now and friday. If wave 3 goes to the 1.618 fib that'll be 1730 pips. (haven't even measured the 2.618 distance). Obviously if we get onto the trade at this almost perfect position we can just let it run with no worries all the way until wave 5 is complete. Haven't counted the pips yet but it's alot. Then we'll be in prime position to trade the HUGE Correction back down again. Anyway see what you think and I'd appreciate anyone who's competant to check it also thanks. REMEMBER YOUR RESPONSIBLE FOR YOUR OWN TRADES AND MONEY. This is just my opinion.
Thanks Guys
Steve
P.S Can someone sort it out for me to be able to join in , in the Chat Room . Thanks
The Wave count across all time frames seems to check out ok. The Red Folder Aussie News this morning drove price into and beyond the 0.382 Fib retracement which is Ideal for the completion of the wave 2. So in my view we're awaiting wave 3 to start which could be anytime between now and friday. If wave 3 goes to the 1.618 fib that'll be 1730 pips. (haven't even measured the 2.618 distance). Obviously if we get onto the trade at this almost perfect position we can just let it run with no worries all the way until wave 5 is complete. Haven't counted the pips yet but it's alot. Then we'll be in prime position to trade the HUGE Correction back down again. Anyway see what you think and I'd appreciate anyone who's competant to check it also thanks. REMEMBER YOUR RESPONSIBLE FOR YOUR OWN TRADES AND MONEY. This is just my opinion.
Thanks Guys
Steve
P.S Can someone sort it out for me to be able to join in , in the Chat Room . Thanks