Potential trades setting up on GBP/AUD .
On the daily TF: awaiting pullback followed by conformation/ failure to go long as the 3d leg is bigger or the same size as leg 2, indicating that a test will come in.
Once the test have been completed we are currently 2 legs up on the weekly TF.
Awaiting pullback followed by conformation / failure to enter Long to trade the whole 3d leg.
Correlation: AUD/CAD , AUD/CHF and EUR/AUD .