RaynLim

GBPAUD - Bearish Gartley

Corto
FX:GBPAUD   Libra esterlina/Dólar australiano
GBPAUD is in an interesting position, it is almost at its midway of a Bearish Gartley Pattern on the daily chart that completes at 1.7974 and a Bullish Bat Pattern on the 4-hourly chart.

Either pattern complete shouldn't invalidate the pattern in this trading setup. It is important if you have the experience and know what you are doing before you plan to extend your target taking by using our upsize trade management.

If you aren't familiar with that, taking the conservative target is fine.

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