AlphaTrading-Group

GBPAUD - Full Analysis Breakdown

FX:GBPAUD   British Pound / Australian Dollar
After our stop out yesterday, I have highlighted the areas in witch i am going to pull the trigger on a buy trade.

Looking at the 4hr price action we can see a potential double bottom forming to push the pair to the upside.

I personally can not see the pair shorting before removing some level of liquidity from last weeks sell off.

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.