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FxWirePro: GBP/AUD forms bullish Gartley pattern, good to buy at dips

  • Harmonic pattern Formed - Bullish Gartley Pattern
     
  • Potential Reversal Zone (PRZ) - 2.0170
     
  • The pair has declined till 2.0220 and slightly recovered from that level. It is currently trading around 2.03700.
     
  • GBP/AUD is facing minor resistance around 2.050 and break above will take the pair to next level 2.070/2.09700.
     
  • Overall trend reversal only above 2.100.
     
  • On the lower side major support is around 2.017 and break below targets 2/1.9800 level.

It is good to buy at dips around  2.03000 with SL around 2 for the TP of 2.0950

 

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