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HayatoDragonFX

GBPAUD, 4hr tf, broadening wedge pattern

Short
British Pound / Australian Dollar (FX:GBPAUD)  
HayatoDragonFX  
FX:GBPAUD   British Pound / Australian Dollar
Support and Resistance Elliott Wave Wedge GBPAUD gbpaudshort gbpaudanalysis priceaction priceactiontrading Broadening Wedge Ending Diagonal elliottwaveprojection
6
2
supportandresistance elliottwaves wedgepattern gbpaud gbpaudshort gbpaudanalysis priceaction priceactiontrading broadeningwedge endingdiagonal elliottwaveprojection

I do respect the idea that GBPAUD might drop along with EURAUD. We're also near the horizontal weekly resistance right now.

If i draw a trend line connecting the low and high of GBPAUD recent movement. It will look like a broadening wedge pattern.
In terms of Elliott Wave, this is a broadening ending diagonal.

Sell GBPAUD 1.8610
Stop loss 1.8670
Take profit 1.8410 (3.3R)

Use only 1-2% risk
Good luck

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