For next couple weeks I m expecting at least 400 to 800 PIPS on GBPAUD.
This is very high probabilty trade for W.C trade. On weekly we do not see any divergence on AO. So it is confimerd Wave 3, now all we have to do is wait for Wave a and b to finish and trade Wave C. Traders can also trade Wave A, but they find entry on at least three degrees lower timeframe ( i.e M15)
Our entry will be on H4 or H1 when we see
- Prices failed to make new high.
- Cloundra Bands(red and Black at least) retrun to upper reversal Zone
- Green Filter is below the Purple EMAs,
- Wave C forms 5 waves so enter on the Wave 3 of Wave C.