GBPAUD - Daily Chart
- As we can see, price has completed its 5th wave.
- We have a shift in price action which indicates & price is in a corrective wave.
- An ABC Corrective falling wedge forming.
- My personal interest will be in and around the 61.8% fib levels for potential buys.
- Key Level to watch 1.90619
- Another confluence is we have the POC (Point Of Control) were previous buyers was more dominant.
- Can we see the same outcome again or will the pound rollover.
Key Factors too watch this week we have 3 High Impact News Releases.
Lets See
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