GBP/AUD Demand Zones

9 Tem 2014

Two demand zones I can see on the charts, confluence with many other indicators such as the fact that potentially if the BC leg completes, then Demand Zone 1 would also be in the same area as where the Gartley Pattern would complete or if a Bat Pattern is formed then Demand Zone 2 may come in to play, I would likely have the same target for both with initial Risk:Reward ratios of 2.32 and 3.54 depending on exactly how long it takes for the trades to be triggered.

I would likely only take half profit at the TP drawn on the chart and let the rest run,