Hello traders, today let's take a peak at GBPAUD.
GBPAUD is moving lower for the last few months, clearly in impulsive fashion which means more downside is expected after wave four which may not be over yet based on time-projection compared to wave two. There is a chance for another retest of 1.7730-1.7800 area before market turns down for a fifth wave.
GBPAUD is moving lower for the last few months, clearly in impulsive fashion which means more downside is expected after wave four which may not be over yet based on time-projection compared to wave two. There is a chance for another retest of 1.7730-1.7800 area before market turns down for a fifth wave.
Note
GBPAUD went quite higher, however still can be in a corrective wave 4 with possible resistance and turning point at current Fibonacci ratio of 50.0. 
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US Single STOCKS (FREE Access), FX, Crypto
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Learn Elliott Waves
👉 wavetraders.com/academy/
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.