Short GBPAUD - EW Ending Diagonal
A possible ending diagonal EW count on GBPAUD indicates a large correction may occur in the upcoming couple of weeks. If price breaks previous week highs, either the correction has completed or a recount is in order so this area provides a comfortable stop loss. Target 1 should be placed in the previous degree wave four zone around 2.12. A second target may be placed at the Wolfe Wave short target around 2.103.
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