Bears In Control On GBPAUD

GBPAUD is clearly bearish, now in a third wave, down from March high.

GBPAUD is clearly bearish, now in a third wave, down from March high. We see price trading within a minor correction as wave iv of 3, meaning market can still retrace the 38.2% of a former wave iii, before bears again turn low.

GBPAUD, 4h

(Click on image to enlarge)

 

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