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Poundaussie

GBPAUD- "Signs of weakness between 1.8300 and 1.8400"Looking for a 1k pip drop on this one. Price is making lower lows and lower highs, In order for this to qualify for a set up we need to see price climb up to the red region, and I want to see a failed attempt to break 1.8300-1.8400. This will show me the bulls are practically dried up in respect to the time frame and we could be prepared to see a move down (wave 5) The bearish region (red zone) was created by using price action rejections, and volume profile to show me where the smart money moved price down. My take profit is a mix between a measured move of wave 2 to 3 projected off of this potential wave 4 completion. And the bullish bat pattern I have drawn in grey on the left, which we should be seeing some bullish activity upon it's completion.
Short
by elevatedinvestor
GBP/AUD - Ichimoku Buy SetupWe've been moving pretty sideways here as price has been consolidating. We've held support despite a bearish TK cross so I am looking for a breakout of these current strings of candles to look for a buy entry. I've made my target previous structure highs, but I may hold partial position longer as long as we get the breakout I'm looking for. If we get this bullish TK I am waiting on we could see a big move to the upside. If we fail to get the bullish TK cross or to break higher, this setup may become invalidated.
Long
by The808Trader