Follow_The_Spiral
Long

GBP/AUD Long-Term Setup (Long)

FX:GBPAUD   British Pound/Australian Dollar
In this pair I see a great potential long setup. With a harmonic cypher in play and a inverse H&S taking shape, I am pretty confident in the underlying strength in a gbp rally. This also aligns with the H&S forming on the eurgbp             pair, which is a clear short.

For further evidence, I also see underlying weakness in the aussie, based on my audusd             short and euraud             long.

Entry: 1.71715

TP1: 1.984
TP2: 2.0325
TP3: 2.08

Sl: 1.65
got the same! :)good analysis
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