TradingView
CKCE
Mar 20, 2017 9:57 PM

GBPAUD "Double Bottom" - Waiting for a possible break out above Long

British Pound/Australian DollarFXCM

Description

Noticed what could be seen as a "double bottom". The pair is currently in a correction and heading to a zone where there was some resistance back at the end of 2016.

The correction could carry on for a bit longer, so, for now, I'm waiting to see if the price will break out above before I enter the market. At this time I'm waiting to see what the market wants to do here.

Comment

Broken above the zone I anticipated - so have gone long here.
More