GBP/AUD 12345abc PATTERN & RANGE TRADING
12345 Pattern Happening
Price is at S1 ready to complete 4-5 leg of pattern to R1.
We should see a corrective ABC pattern if current 12345 is completed, this should start at the important 1.8000 level and break down to the historic levels attached to chart (1.65000 and 1.45000).
Repeat symbol is showing that price reversed previously at 1.7000 level.
I have posted 2 trade orders that I will be making for my range trading portfolio.
Price is at S1 ready to complete 4-5 leg of pattern to R1.
We should see a corrective ABC pattern if current 12345 is completed, this should start at the important 1.8000 level and break down to the historic levels attached to chart (1.65000 and 1.45000).
Repeat symbol is showing that price reversed previously at 1.7000 level.
I have posted 2 trade orders that I will be making for my range trading portfolio.