The GBPAUD moved higher in an impulse and might extend a little higher first before I expect a consolidation/correction. To me the whole wave higher is considered to be only 1 wave. (I will elaborate on why I consider this to be only 1 wave on my website) I therefore want to trade the correction on lower time frames that might test 1.94. Once the consolidation is over I will be looking for at least another wave structure higher.
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