GBPAUD - Catch This Massive 1600pip Swing Trade!

27 Şub

GBPAUD is currently in a 335 ABC correction. We are in wave C now and expecting 5 waves.

For wave C, we've seen subwave 1 and currently in subwave 2. Expecting subwave 2 to complete soon. We'll be looking for a breakdown to confirm that subwave 3 has started.

We're expecting price to stay below invalidation so we'll be keeping our stops above that level for now and then moving it lower (above subwave 2) once subwave 3 has been confirmed.

Trade Idea
- Watch for completion of subwave 2
- Watch for lower timeframe trendline break, BOS etc, to confirm reversal
- once entered, keep stops above invalidation
- Targets: 1.92 (1000pips), 1.86 (1600pips)

As always, trade safe!

27 Şub

Not

GBPAUD 2Week