GBPAUD Long Trade Setup

Hello Traders

If the downward structure is the 4th wave, it can be over at the last bottom. Of course, it can make another drop because it's still in the downtrend and what we have after the last bottom looks like a correction. Despite these downside indications, I placed a pending order above the last top since if it drops, I won't have any trade, if it goes up, I will be able to make some nice short-term profits. If it breaks the bottom which seems the case, I'll remove my entry order and wait for a new reversal pattern to place a new order.

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Trade with care.
Bulent