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tarmmyy
Dec 23, 2015 12:55 AM

GBPAUD Double Bottom  Long

British Pound/Australian DollarFXCM

Description

GBPAUD appears to have double bottomed on the daily. Looking for longs once it's broken through.

All feedback welcome.
Comments
ishstar
Price is a bit over 100pips from last bottom. I wouldn't classify this as a double when the last low hasn't been tested. I believe we're seeing a small retracement right now setting up for a bigger plunge. GBP is incredibally weak especially when it's paired against something much stronger like AUD
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