After seeing a notification from someone I followed presenting an idea on GBPAUD (which I didn't look at yet), I decided to take a look at the pair and was amazed to find my first 3 drives pattern. This pattern is quite simple... just 3 AB=CD completions.
The AB=CD patterns are all shown in blue arrows with the orange arrow showing where I expect the pair to move to as a first target. Now usually I like to use the 0.382 retracement as default targets (if it matches with structure)... but here I find the best one to be the 0.5 retracement.
Will see how it goes.
Trade wisely, Trade responsibly.
The AB=CD patterns are all shown in blue arrows with the orange arrow showing where I expect the pair to move to as a first target. Now usually I like to use the 0.382 retracement as default targets (if it matches with structure)... but here I find the best one to be the 0.5 retracement.
Will see how it goes.
Trade wisely, Trade responsibly.