On the Pound Aussie (GBP/ AUD) is an ABCD pattern i have been following for almost a month now. PA has followed the pattern exactly. Later today or tomorrow we might have the ability to trade this pattern for a few hundred pips. this will surely be a long swing trade so, if your broker is going to eat you alive with swap fees might want to consider sitting out. this pattern will more than likely require a reversal formation and not a reversal pattern.
Comment:
This is a long term set up its a pattern on the 4H. once the current candle closes as an engulfing candle place the trade. stops right below the PRZ might see a retest of the major support level (red line) and then some upward mobility.