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The Double Bottom pattern has formed on the GBPAUD D1 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 1.8945. The projected move is based on the pattern width of 219 points. FX.co ★ GBPAUD D1: Double Bottom
Signal strength 5 of 5
GBPAUD D1: Double Bottom
The Double Bottom pattern has formed on the GBPAUD D1 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 1.8945. The projected move is based on the pattern width of 219 points. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade