GBP/AUD: Elliot Wave Analysis Explained

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Great Britain Pound forming an Elliot Wave Analysis.

In the past, As I look, we forming an ABC pattern correction and then, we forming this Elliot Wave Cycle. Maybe, this it's just my idea and decision own. We could to entry in the phase #4 of this cycle, In this phase, we need to watch a short movement to the bull reversal before to continue down.

snapshot

But applying this strategy of demand and resistance, Great Britain Pound need to move to the $1.8510 CAD approx to forming this phase #4 of this Elliot Wave Cycle. Right now, we develop this zone of demand around $1.8384 CAD

Guys I hope that this idea support you so much!!!

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