forexTrdr GBPAUD- DOUBLE BOTTOM BOUNCE?
Morning traders,
On back of Aussie central bank again we have another interesting opportunity- this time in British Pound versus Aussie dollar with the pair forming a double bottom. The pair has fallen to current support levels as per our trading view chart and is allowing for a good risk to reward setup should the pair bounce and remain in the current trend channel as highlighted.
Both price patterns, resistance and support, RSI and stochastics all point to this being a good entry point for a long trade on GBP vs AUD more on Aussie dollar weakness than any GBP strength.
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
On back of Aussie central bank again we have another interesting opportunity- this time in British Pound versus Aussie dollar with the pair forming a double bottom. The pair has fallen to current support levels as per our trading view chart and is allowing for a good risk to reward setup should the pair bounce and remain in the current trend channel as highlighted.
Both price patterns, resistance and support, RSI and stochastics all point to this being a good entry point for a long trade on GBP vs AUD more on Aussie dollar weakness than any GBP strength.
Follow us on tradingview under forexTrdr to get our sample ideas free and immediately - its free to setup a profile and the charting tools and software is easier to use than Metatrader and most broker platforms.
Good luck trading
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings
Trade active:
take profit 1 hit
Trade closed: target reached:
locking out 62 pips profit and playing from short perspective now
