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British Pound / Australian Dollar
Long

My Top Forex Swing Trade - Buy GBP/AUD (20.06.16)

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The GBP/AUD is moving in a perfect Elliott Wave formation, while recently had just ended the corrective wave number 4. According to the Elliott method, progressive wave number 5 should develop at this point with the potential upside movement towards the previous high, represented by the top of progressive wave number 3. The fact that corrective wave number 4 corrected exactly 50% of the whole upside trend enhences the expectation for the fifth wave to accure.
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roy_cuzin
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.