The Aussie Dollar looks like it might be completing a Gartley pattern. The Gartley is a 3 part correction that sets up for a trade in the direction of the major trend. In this case the correction is a rally, with the major trend being down The Gartley is completed if the corrective rally finishes at “harmonic” projection levels. Here the levels are: The 61.8% Fibonacci retracement of the downtrend and The cd swing in the correction being the same size as the ab swing i.e. ab=cd Both these projections are at .7136. The set up will be completed if the chart makes a trend peak at or close to this level. This would require a candle high surrounded by 2 lower highs. A lower low would then have to follow. At this stage a trend peak around the Gartley level looks possible but is by no means certain. Today’s candle needs to stay under yesterday’s low. There could also be a set up if the Aussie pushes a little higher over coming days before making a trend peak. Some traders might use shorter term charts like the hourly to identify entry set ups close to the Gartley level.