GBPAUD - more downside ahead ???
If I look at the structure and wave extensions and also that we have an overlapping wave pattern that seems to be trapped in a channel the conclusion that I draw is that we will see more downside to finish a wave 4 or what I deem more likely a wave B or X.
You can´t see it on this chart but if we would zoom out what we can see is GBPAUD is in a multi-year corrective phase and will be stuck in it for quite some time (years probably)!
You can´t see it on this chart but if we would zoom out what we can see is GBPAUD is in a multi-year corrective phase and will be stuck in it for quite some time (years probably)!
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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.