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WrightWayInvestments

GBPAUD - Potential Double Bottom

Long
British Pound / Australian Dollar (FX:GBPAUD)  
WrightWayInvestments Updated   
FX:GBPAUD   British Pound / Australian Dollar
Trend Analysis Wave Analysis Chart Patterns Double Bottom GBPAUD LONG Bullish Patterns sidways horizontalchannel
2
0
trendanalysis waveanalysis chartpattern doublebottom gbpaud long bullish sidways horizontalchannel
As we can see GBPAUD seems to be in a sideways channel. The pair broke out of the trend line on the H4 chart and also created a double bottom indicating price may want to go higher. This idea can see resistance around the 1.78000 area.

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Comment:
We are currently +400 pips in this trade if you took it!
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