GBPAUD, Potential Bearish 5-0 at 1.7210 or higher .

With on-going Bullish Shark having started few hours ago at 1.7055-60 area, expecting this pattern to terminate at 1.7210 resulting in Bearish 5-0 to follow suit. SL at 1.7350 with TP at 1.69

Kommentar:

In larger scheme, GBPAUD has the making of potential Bullish 5-0 once this pair pullbacks to 1.6630-1.6680 area. In fact, the bearish moves which started since yesterday is confirmation of on-going Bearish Gartley. All-in-all this will tie up nicely for a potential Bullish 5-0

Trade geschlossen: Stop wurde erreicht:

Unfortunately stops reached..the idea didnt pan out..however, this pair is extremely overbought..will monitor closely over weekend and await the pullbacks next week.