Now, GBP/AUD is around 1.7350, and if the price rises to 1.7500, it will form two patterns
1) I once found a and end with a happy trading.Now please see the potential in blue.This time the price need to go to XA88.6% and then will formed .The 88.6% of XA and 2.24-2.618 of BC constitute the area, between 1.7450-1.7500
2) An orange pattern, which also points to a reversal point near 1.7500.The B of this form is around 78.6% of the previous XA , and the final inverted D point will be around 1.272 times XA or 1.618 times XA.I choose 1.272 times XA, because this is also the first form reversal position.
3) if you see the weekly chart, there is also a downward as resistance
What is needed here is patient observation + waiting.If thepattern is formed, the first target is 1.7270 and the second target is 1.700
It will continue to be updated
Price movements do not support.It is important to wait and observe the price behavior of the PRZ .As you san see below, there is no weak signal for the price.