forexTrdr
Long

forexTrdr GBPAUD- DOUBLE BOTTOM BOUNCE?

FX:GBPAUD   British Pound / Australian Dollar
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.

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Good luck trading

from the Team at forexTrdr



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Trade active: take profit 1 hit
Trade closed: target reached: locking out 62 pips profit and playing from short perspective now
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