GBP/AUD: Daily study and possible wave count
Possible upside coming, first target 1.8300-1.8400, this could mean a wave 4...
In that case wave 5 still to come...
Stochastics currently overbought, RSI still below 50, BB is squeezing..., possibly a couple more days of ranging and then a breakout...
We did reach the 1.27 ext. for a possible weekly Cypher C, so we need to consider this also (not invalidated until price closes below 1.41 ext.).
Possible scenario in case the wave count is correct: long - short - big long..., we'll see...
In that case wave 5 still to come...
Stochastics currently overbought, RSI still below 50, BB is squeezing..., possibly a couple more days of ranging and then a breakout...
We did reach the 1.27 ext. for a possible weekly Cypher C, so we need to consider this also (not invalidated until price closes below 1.41 ext.).
Possible scenario in case the wave count is correct: long - short - big long..., we'll see...
