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Joe_Keegan

possible bullish ABCD pattern GBP/AUD

Long
British Pound / Australian Dollar (FX:GBPAUD)  
Joe_Keegan  
FX:GBPAUD   British Pound / Australian Dollar
GBPAUD LONG AB=CD
3
0
gbpaud long abcdpattern
A break and close below 1.98307 on the 4 hour chart could lead to the D completion leg of a bullish ABCD pattern on GBP/AUD. look for reversal between 1.96631 - 1.94527. For me to take this pattern I would need the deeper move to the 1.618 extension into the support zone by the trend line before considering a long position.
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