GBPAUD EW ANALYSIS: Bearish Continuation Setup
GBPAUD decline from March high is taking the shape of Elliot Wave five-wave impulse pattern. Price seems to have completed wave (iv) correction at previous 4th wave resistance circa and made a double top.
Price is expected to continue lower if wave (iv) has already top.
Targets below wave (iii) low is probable for wave (v) of ((iii)) in black.
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Price is expected to continue lower if wave (iv) has already top.
Targets below wave (iii) low is probable for wave (v) of ((iii)) in black.
Do you like this analysis? Support it with your "like" and engage in the comment section.
Thank You!
Veejahbee.
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