GBP/AUD Double Bottom
GBP/AUD has seen a strong decline lately. However, today the pair has bounced from 1.74300 support line, forming a double bottom.
Classically, double bottoms are bullish chart patterns, so that's where this idea is based on.
I've marked two areas where I expect major bearish pressure to occur, Resistance 1 and Resistance 2. Do your own DD.
Classically, double bottoms are bullish chart patterns, so that's where this idea is based on.
I've marked two areas where I expect major bearish pressure to occur, Resistance 1 and Resistance 2. Do your own DD.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.