GBPAUD long term view
I've been posting about this pair on twitter for a while and the first short was by means of a pending at 2.20. I'll be updating on tradingview from now on as well.
I like to see a test of 2.00 for wave 5 of wave Y and next 1.98 which is the 50% fib ratio swing high/low.
However lower time frames have to complete their structure first and we see 1hr time frame getting oversold for at least short term Pound strenght potential. Ideally after we see a wedge unfold before major long term reversal.
Updates will follow.
GBPAUD
I like to see a test of 2.00 for wave 5 of wave Y and next 1.98 which is the 50% fib ratio swing high/low.
However lower time frames have to complete their structure first and we see 1hr time frame getting oversold for at least short term Pound strenght potential. Ideally after we see a wedge unfold before major long term reversal.
Updates will follow.
GBPAUD
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