lewiswillitt

GBPAUD end of downtrend!?

Long
OANDA:GBPAUD   British Pound / Australian Dollar
Price has fell right down to my daily structure level after falling for a fairly long time, it is the lowest since November 2019. Price previously rejected this area on the 4H just to come back down to it currently. the current 4H candle is forming into a doji / hammer (depending on how the close is) which is what we like to see. to add to this, price is forming a beautiful double bottom . i am looking to target two higher key structure areas for some really nice RR. Looking to enter off on a close of a bullish engulfing possible on the 4h or could look for a sniper entry on the 15M. Hope whoever views this enjoys my analysis. Thankyou!