Libra Esterlina/Dólar Australiano
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GBPAUD - more downside ahead ???

56
If I look at the structure and wave extensions and also that we have an overlapping wave pattern that seems to be trapped in a channel the conclusion that I draw is that we will see more downside to finish a wave 4 or what I deem more likely a wave B or X.
You can´t see it on this chart but if we would zoom out what we can see is GBPAUD is in a multi-year corrective phase and will be stuck in it for quite some time (years probably)!

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