The pair GBPAUD giving a high probability short into the lows, in the form of a 3 wave move. I am expecting a break of the sideway support line (as outlined on the chart) and a continued breakdown into the lows into the support zone where it could bounce. I expect this down move to be an impulse.
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Best regards, Tom_Killick
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A nice retest of the sideway support turned resistance line. It is now breaking down, and looks like we will finally get the 3 wave move we was expecting, giving a move to the support zone below.
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Very strong breakdown today. Patience of waiting for the retest of sideway support turned resistance proved worthwhile.
Price is now in free fall to downside and is capable of making a strong down move.
Hi Tom I already put up the same idea so seeing you post the same idea for the same reason means I am not bonkers. I follow your posts even when you posted on DailyFx. Thanks for the training