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.