End of wave 3
Uppdaterad
Price has completed wave 3 of impulse movement at 1.618 level of Fib extension.
Now price sitting on a very strong monthly support which has bounced from it multiple times. Also RSI is oversold too.
It's time to make wave 4 to the 0.382 percent of wave 3 at 1.9xx which is a very strong resistance level.
Wave 5 can be completed in 2 ways, first as a truncate fifth at the end of wave 3 or at 1 extension of wave 4 which both of them are strong weekly supports.
These are my thoughts about GBPAUD and it does not meant it will happen, so be careful if you like to trade based on it.
Now price sitting on a very strong monthly support which has bounced from it multiple times. Also RSI is oversold too.
It's time to make wave 4 to the 0.382 percent of wave 3 at 1.9xx which is a very strong resistance level.
Wave 5 can be completed in 2 ways, first as a truncate fifth at the end of wave 3 or at 1 extension of wave 4 which both of them are strong weekly supports.
These are my thoughts about GBPAUD and it does not meant it will happen, so be careful if you like to trade based on it.
Kommentera
Monthly support:
Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.