Good trade setup on the GBP/AUD
as a Bullish Bat
Pattern forms on the 4hour timeframe which is still in the process of forming a trend on the 1hour timeframe of wave C so going short for now will probably be a good idea. Then going longed again at price levels 1.71842 or 1.71383 on the 1hour timeframe at the end of the trend and your entry will be executed on the 20-15min timeframe But I am under the impression that a much larger ABC
correction might be at work here but only time will tell as we loom closer to the RBA Rate Decision.