FxFortuna

Double Bottom Reversal Pattern on GBPAUD

Long
OANDA:GBPAUD   British Pound / Australian Dollar
Hello guys last week we spotted a double bottom chart pattern on GBPAUD therefore we kept an eye for a retest on the neckline as you know to confirm a reversal pattern on double tops needs chart pattern confirmation so we got the retest and the next step was to get a candlestick pattern in order to find a good entry point and on the retest as you can see we saw a Doji and an Engulfing bar so we jump in and hit our four targets personally I move my SL to Entry point after 20 pips of movement from my Entry point to avoid Loss and last week we could bank 700 pips from double top and double bottom pattern. powerful stuff guys and we are expected to hit 400 pips in near future for more Analysis or consultation don't hesitate to join my family on telegram or Instagram

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