This analysis uses a piece of area by using the elliot wave notation.
What I see is that currently Gbp / Aud enters the ABC correction period with invalid constraints on the wave 5 area and if the price is in accordance with the valid boundary analysis up to the blue line area at the price 1.79250.
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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.