British Pound / Australian Dollar
Short
Updated

GBPAUD W1 DEC 2020

52
GBPAUD
Short Setup

Another view on GBPAUD using Elliot Wave Theory:
1. Price is making a major 5-3-5 (ABC) move down
2. Recently price is making its final C wave downwards, and this consists of a 5 move impulse wave.
3. Setup will be invalidated if price where to break Wave ii.
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