QuercusTrading

GBPAUD - Ready to unwind down

Short
OANDA:GBPAUD   British Pound / Australian Dollar
Price did not tag Wave iv in Dec 2023, meaning there is a high chance of unfinished business down there.

The strong move up has corrected to previous resistance (likely wave 4 or B) with a deviation. I am going with Wave B because quick moves like this looks like X.

IMO, the deviation has already been triggered on lower time frame. Ripe for a short.
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.