GBPAUD, EW, WW, longterm bull, end of correction?
Analysys:
1. Overall bullish trend on GBPAUD with correction;
2. Waves count shows the soon end of correction, so we should wait opportunities to buy;
3. There are 2 Wolfewaves on a chart, bearish (red) and bullish (green). Since they have really great chances on daily gbpaud chart, we need to consider them in trading.
Trading opportunities:
1. Awesome trade would be from the 5th point of bullish WW;
2. Not so bad chances with bearish WW also, but we will need to wait for rebound and consider a tighter sl; That trade correlates well with the previous one, giving price the action it needs to reach channel support.
3. Channel breakout buy, target marked with blue arrow, cause it is also a WW (4)-(5)-(A)-(B)-5th point on the line with 4 and A.
1. Overall bullish trend on GBPAUD with correction;
2. Waves count shows the soon end of correction, so we should wait opportunities to buy;
3. There are 2 Wolfewaves on a chart, bearish (red) and bullish (green). Since they have really great chances on daily gbpaud chart, we need to consider them in trading.
Trading opportunities:
1. Awesome trade would be from the 5th point of bullish WW;
2. Not so bad chances with bearish WW also, but we will need to wait for rebound and consider a tighter sl; That trade correlates well with the previous one, giving price the action it needs to reach channel support.
3. Channel breakout buy, target marked with blue arrow, cause it is also a WW (4)-(5)-(A)-(B)-5th point on the line with 4 and A.