Monthly Chart // Wave1 completed, wave2 correction // IF=THEN ®

GBPAUD

Completed wave 1, retracement expected between the 50% and 61.8%, wave 3 as an 161% extension of wave 1, and wave 5 = to wave 1.

Buy the wave 3 IF we get a valid wave 2 retracement (50% or 61.8%), and IF we bounce over the support @1.877;

Eventual Gartley Pattern;

GARTLEY
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D:
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD

Safe Trades;