GBPAUD "Double Bottom" - Waiting for a possible break out above

Noticed what could be seen as a "double bottom". The pair is currently in a correction and heading to a zone where there was some resistance back at the end of 2016.

The correction could carry on for a bit longer, so, for now, I'm waiting to see if the price will break out above before I enter the market. At this time I'm waiting to see what the market wants to do here.

Commentaire:

Broken above the zone I anticipated - so have gone long here.