This is the 2week chart for GBPAUD. We're in a 535 zigzag pattern.
We can see that we've completed wave B (3), which was an ABC correction.
We are now in wave C and anticipating a 5 wave move down, in line with the 535 zigzag schematic.
On lower timeframe we'll be looking for this current correction to breakdown.
Trade Idea:
- Watch for current correction to complete
- Enter on break of the correction
- Invalidation level for this short scenario is above the completion of wave B
- Swing Targets: 1.8 (1300pips), 1.7 (2500pips), 1.6 (3500pips), 1.5 (4500pips)
Goodluck and as always, trade safe!
We can see that we've completed wave B (3), which was an ABC correction.
We are now in wave C and anticipating a 5 wave move down, in line with the 535 zigzag schematic.
On lower timeframe we'll be looking for this current correction to breakdown.
Trade Idea:
- Watch for current correction to complete
- Enter on break of the correction
- Invalidation level for this short scenario is above the completion of wave B
- Swing Targets: 1.8 (1300pips), 1.7 (2500pips), 1.6 (3500pips), 1.5 (4500pips)
Goodluck and as always, trade safe!
Note
Monthly Chart 
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.