Price made a leading diagonal to the downside which completed potentially wave 1. At it is currently pulling back up for wave 2 which unfolds as a zigzag ABC. If this count is correct we should expect price to find resistance on the golden zone which is in line with the upper trendline of the channel. So we should be looking to short GBPAUD at either upper trendline of the channel or somewhere between 50% and 61.8% fib retracement.
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