GBPAUD Pending Gartley Pattern in Elliott Wave Structure

Price is probably in its last phase completing a 5-3 wave cycle with wave C on its way. The best way to trade this setup is to wait in order to have a 5 wave move to the down to get this C wave completion where we meet the D point of a pending gartley pattern. That's a very good level to go long.

Before that i will go short for wave 3 of the larger C wave of the cycle after the breakout of B wave. Stoploss and profit targets as shown at the chart. If we reach our target i will update with the completion of the gartley pattern.

Like and comment if you agree,
John

Trade closed: target reached

Trade active:

The gartley pattern is now active.. Profit targets as shown at the chart with red arrows. Stoploss below X point of XA wave..