Hello fellow traders, the video below is short capture from the London Live Analysis session held on 10/04 by EWF Senior Analyst Daud Bhatti. Back then, Daud presented Elliott Wave count of $GPBAUD, suggesting further decline due to a fact the pair was showing incomplete bearish swings sequences in the cycle from the September peak. Our Elliott Wave and cycle analysis were calling for potential short term ((x)) bounce against the 1.7076 high and futher extension to the downside once it completes. Shortly after, we got ((x)) recovery that was expected to complete at the short term equal legs: 1.6790-1.6824 area (potentiall sell zone) , according to Asia Update from 10.06.2016. Eventualy the pair reached proposed reversal area and found sellers as forecasted.
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