Hi
As you can see in the chart above, GBPAUD has created a double bottom pattern.
In monthly and weekly price retraced to 0.618 Fibonacci.
The previous daily candle has created a bullish engulfing candlestick pattern.
This is a risky long position, but I Highly recommend you to wait till the price breaks above that daily Resistance.
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What is your opinion? Comment it below.
If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too.
Goodluck.
As you can see in the chart above, GBPAUD has created a double bottom pattern.
In monthly and weekly price retraced to 0.618 Fibonacci.
The previous daily candle has created a bullish engulfing candlestick pattern.
This is a risky long position, but I Highly recommend you to wait till the price breaks above that daily Resistance.
---------------------------------------------------
What is your opinion? Comment it below.
If you like the idea, please hit the like button and subscribe to the profile to not miss my updates. The information given is never financial advice. Always do your research too.
Goodluck.