Sunday, June 19, 2016

$GBPAUD - My Top Forex Swing Trade - Buy GBP/AUD -

$GBPAUD - My Top Forex Swing Trade - Buy GBP/AUD - 20.06.16

The GBP/AUD is moving in a perfect Elliott Wave formation, while recently had just ended the corrective wave number 4. According to the Elliottmethod, 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.

Roy Cuzin - Forex Trading Specialist

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