Completed Bullish Gartley + Potential Bearish Butterfly

FX:GBPAUD   British Pound / Australian Dollar
Hmm, There is 1 Bullish and 1 Bearish pattern in this pair. Looking at the pair, the Bullish Gartley has completely formed. Which Point D is around 88.6 Fib level of XA Leg. So a possible LONG Position maybe valid.

The Bearish Butterfly pattern is still in its early stage of developing... only when price move above / exceed 1.5883, only I will start considering on this pattern, if not, I will just take it as invalid.

Cheers !! Happy Trading...


BEarish Butterfly Pattern, price has exceeded the mid point of the pattern.. consider 75% completion of the pattern... wait for the pattern completion and spot for long entry is possible =)

Looking at the overall view of the pair, its actually in a strong down trend atm... and we can see there is a falling wedge happening.. so very likely if the Gartley is valid..Price will be able to push and break up from the falling wedge.. Cheers !!!