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Elliott Wave Analysis & Forecast GBPAUD, Daily , 8th April, 2022

gm April 08, 2022

 



Elliott Wave Analysis & Forecast GBPAUD, Daily , 8th April, 2022



It’s time to look back GBPAUD pair, since my last analysis, I've change minor wave counts and instead of Green (ABC) in red wave II, I've marked as green (WXY) that represent better correction. But overall situation has not much changed.

 

Currently prices are moving down in red wave 1 of green wave 3 of green wave Y of red wave II/.

 

Ideal target of Red wave II/ is near 1.53-1.52 area where it will place long term bottom and we also will see massive support and bulls will enter into the pair to make it higher in red wave III/ in long run.


Muhiuddin





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Posted by: gm

Currently working as Senior Analyst in Tijarat Network, a leading provider of in depth market analysis, research and trade recommendations for Forex, Stock, Indices and Commodities. Tijarat Network where analysts sit together, analyze technical and fundamental factors, conclude market direction and then issue analysis and forecast regarding where they believe the markets are heading. Elliott Wave Theory is a major factor that contribute in financial forecast. We value our reputation and always fulfill our obligations toward clients and partners.

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