claudiowall

#GBPAUD projection pattern in bullish channel

FX:GBPAUD   British Pound / Australian Dollar
After maintaining rates of both the RBA and the BOE the price of GBP / AUD has continued to trend downward from the average of bullish channel . In the next weeks we could to see a repeat of the bullish pattern of represented for the first elliot waves in the graph, close to the parliamentary elections in UK . Remember that next month the RBA could eventually to reduce rates in Australia which would increase the chance of a good bullish occur medium-term
do you think there is any possibility for a rebound from here? cause we reached the 0.618 are of the previous leg up. oversold in H1 & H4

i am already in the trade aiming for 2.01 (1.618 of the leg up)
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