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GBP/AUD Double Bottom

Long
British Pound / Australian Dollar (OANDA:GBPAUD)  
FieryTrading  
OANDA:GBPAUD   British Pound / Australian Dollar
Trend Analysis Technical Indicators Chart Patterns GBPAUD Forex Double Bottom double bottom Bullish Patterns reversal
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trendanalysis indicator chartpattern gbpaud forex doublebottom double bottom bullish reversal
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.
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