I count a possible double zig zag with a bearish ending diagonal C wave. Markets feel toppy, markets look toppy...If we continue to break down out of the channel, Im guessing we could see similar lows to last month (and most likely continue to fall)
For this play, a safe stop is this months top ~ 2080. Target 1820 (for now...)
Hello Traders,
Short trade set-up on the GBPAUD market.
This trade try to take advantage of a wave C in this complex double ZIG-ZAG correction (W-X-Y).
There is a Harmonic Gartley pattern on the 15min chart wich we can use as an entry.
The target is set on the completion of a AB=CD pattern
Risk/Reward: 15