GBPAUD - wave 5 and close to 50% fib
Hi friends,
Look like GBPAUD is really close to the top for this time. ABC correction down to 38% fibonacci to begin with. Maybe even 50%.
The ABC move from 1.61 which usually targets the 1.618% extension of wave A, plus 50% fibonacci from top of the formation (before Brexit night) makes this pair very interesting to short around our target we had month ago for this pair. Wait for some bearish candlestick reversal close to the top of the wedge and USE SL :-)
// Good Luck !
Look like GBPAUD is really close to the top for this time. ABC correction down to 38% fibonacci to begin with. Maybe even 50%.
The ABC move from 1.61 which usually targets the 1.618% extension of wave A, plus 50% fibonacci from top of the formation (before Brexit night) makes this pair very interesting to short around our target we had month ago for this pair. Wait for some bearish candlestick reversal close to the top of the wedge and USE SL :-)
// Good Luck !
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