AUD/NZD Is Forming A Solid Gartley Pattern

The AUDNZD pair is forming a solid Gartley pattern on the 4H chart. It's in the process of forming a bullish formation which we will be able to initiate a long trade at or near point D. This could take a day or two to unfold, if the pair decides to rally without coming down close to point D the order will be cancelled.

We will be looking to take this pair long at 1.10600 which also coincides to a congestion area from the end of July which should act as support along with the Gartley. Our stop will be on a break of point X by 10 - 20 Pips. With that said our stop will be 1.1000 which is also a big figure. Profit target will be 1.11200 - 1.11500.