GBPAUD, daily tf, double bottom setupHello my friends,
It has been long since my last trade ideas.
I haven't found a satisfying setup to trade yet that's why i don't post anything in the last few weeks.
Today i finally found a good setup to trade which is GBPAUD pairs.
As you can see price making a possible double bottom pattern and price already broken above the neckline.
At the same time, GBPAUD broken above the descending trendline which has served as resistance since October 2020.
The measured objective of double bottom is around 500 pips.
Don't expect price to reach our take profit in a quick way.
It gonna be a bumpy ride to the upside as well because there is horizontal resistance level on the way up.
Buy GBPAUD 1.7820
Stop loss 1.7700
Take profit 1.8240 (4.2R)
