GBPAUD compelling opportunity for downside!
Hi traders,
The pair GBPAUD giving a high probability short into the lows, in the form of a 3 wave move. I am expecting a break of the sideway support line (as outlined on the chart) and a continued breakdown into the lows into the support zone where it could bounce. I expect this down move to be an impulse.
Like and follow all my ideas to motivate me to continue posting more content.
Best regards,
Tom_Killick
The pair GBPAUD giving a high probability short into the lows, in the form of a 3 wave move. I am expecting a break of the sideway support line (as outlined on the chart) and a continued breakdown into the lows into the support zone where it could bounce. I expect this down move to be an impulse.
Like and follow all my ideas to motivate me to continue posting more content.
Best regards,
Tom_Killick
Comment:
A nice retest of the sideway support turned resistance line. It is now breaking down, and looks like we will finally get the 3 wave move we was expecting, giving a move to the support zone below.
Comment:
Very strong breakdown today. Patience of waiting for the retest of sideway support turned resistance proved worthwhile.
Price is now in free fall to downside and is capable of making a strong down move.
Price is now in free fall to downside and is capable of making a strong down move.
