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samurai110
Jan 20, 2016 7:22 PM

GBP/AUD Flag + Gartley Pattern Long

BRITISH POUND / AUSTRALIAN DOLLARICE

Description

Great setup for us here on the GBP/AUD as we have a Flag Pattern (which often breaks to the direction of the flag) and a Gartley. If the Gartley completes at the 78.6 retracement level then we have a great R/R as we move up to the upper structure level of the correction pattern. I wouldnt recommend having profit targets any higher then that, as the bullish sentiment for the GBP is rather weak right now.
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