GBPAUD; Elliott Wave Analysis

FX:GBPAUD   British Pound / Australian Dollar
250 0 1
After a clear 5-way rally off the lower boundary of the weekly descending chaqnnel @ 2.0341, this pair entered the phase of retracement which seems to be a zigzag ABC model.

In the shown area, I think this correction will be over. In that area we have:

- PRZ of a Shark pattern
- PRZ of a Gartley pattern
- Equality of A and C waves

Good luck,

Ali             Sharif Azadeh, CFTe
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