GBPAUD -Bullish divergence present but wait for retracement

Livre sterling / Dollar australien (FX:GBPAUD)

FX:GBPAUD Livre sterling / Dollar australien

trendanalysis indicator waveanalysis gbpaud gbpaudshort gbpaudlong britishpound australiandollar fiboancci fibonacciretracement

GBPAUD There is a bullish divergence present that I believe it will do a short rally from wave A->B but I don't see this as the bottom of the retracement as Eliott Wave doesn't show it's finish. Waiting for the retracement to complete then will be bullish. Will become ultimately bullish if it breaks above the 5th wave.

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