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.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.