GBPAUD - 1D - Gartley inside Trendchannel

We technically have room for 1 more downwave if we review this as a 5 wave structure with a third wave extention.
with a bit of goodwill on the XA leg we can see a nice gartley forming that will retest the uppertrendline (better visible on a 4h i guess)

while downside potential is certainly there id suggest taking half position off early and bringing stops to breakeven asap. runaway targets would be a retest of the lows or a retest of the lower trendline. but since the lower trendline has no steep angle its probably not worth hoping for a break of the lows for a mediocre gain retesting the lower line