GBPAUD Analysis November 3, 2020

4 בנוב׳ 2020

Looking for market to reject Resistance Level in channel to complete Corrective Wave B. Should we see the rejection we may see the next corrective move to the down side to complete Corrective Wave C. Previous analysis of EURJPY did a similar corrective manner. While it took over 18 days to complete EURJPY eventually completed its corrective pattern please see below

4 בנוב׳ 2020

הערה

It is possible that Wave E was formed in this corrective pattern

Noticed that I have changed the Corrective Pattern 12345 to ABCDE as market failed to break 61.8% fib