GBP/AUD: 3rd Wave Opportunity?

 | Aug 14, 2018 08:46AM ET


Bearish: Currently we are at 1.7577 in the start of a 3rd wave in a trend. IF we can break the 0.500 Fibo here at 1.7554, we are looking for a continuation to the 0.618 Fibo/S3 at 1.7512. The target this week is 1.7300 area. The average daily true range (ATR) for the pair currently is 118 pips.