7pasos

Decline wave count

Short
FX:GBPUSD   British Pound / U.S. Dollar
1
Here the two possible elliott wave counts for the fall in the GBPUSD , one shows an extending 5 wave and the cluster at 1.4819-1.4792 seems the more probable target.
The other (red one) shows wave 1) and 3) as very similar wave size, and there for is expected a fith some what long. Ill say that the red count lets more down leash.

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