008 - GBPAUD: Zigzag Long (10R)

Looking at the HTF (4H) we see price dropped into liquidity, before a consolidation and impulse move. Price then corrected, forming a #zigzag to form our Bias, with the PAZ being the red liquidity line. Once price cleared that we had our impulse move, but no clear structure break. Price retraced, consolidated and had another impulse, forming RP13 and we could enter it on the retest as per #RP13 rules. Target was the breaker level which came in around the 50% retrace of the down wave. Although price did eventually clear those highs and would've been a good swing target.