GBPAUD Long opportunity
Looking for price to create a double bottom which would give us the 3rd trendline tap (breakthrough to support / structure).
It would also respect support level.
Bias is up so we trade with the trend.
If support is respected (double bottom created) it would add confluence of the 78.6 fib retracement area which is also at a psychological level.
It would also respect support level.
Bias is up so we trade with the trend.
If support is respected (double bottom created) it would add confluence of the 78.6 fib retracement area which is also at a psychological level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.