GBPAUD - Short sell setup

1 Eyl 2016

GBPAUD is currently in a 5 wave corrective pattern. Wave C has just been completed, so I am expecting an impulse wave to the downside to form its D wave... setting up a short sell setup.

4 Eyl 2016

Not

Just an update...

I think that GBPAUD is still in a corrective wave pattern. I am still expecting an impulse wave for wave D, but have included other possibilities for trading the pair, just in case, the corrective triangle pattern does not complete as originally thought. As always thanks for taking the time to look at my idea and please trade carefully. Have a good one!