GBPUSD – W for Double Bottom

30 May - GBPUSD 4Hr

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Hi All,

A quick update on GBPUSD, looking at the daily engulfing bar from yesterday (29th May) made me interested in this pair. So I thought I zoomed in a little to have a peep at the 4 hour chart and guess what I found? A nice W shape double bottom and I’m officially excited about it.

Right now, I’m just waiting for a break of the neckline to find a long entry on the re-test / pull back. The entry around the yellow circle will be ideal 🙂

Anyway, remember to follow your rules and happy trading!!

 

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