GBPAUD: Trade what you see

Butterfly & triple bottom.

I was expecting this chart to head lower, but after seeing the rejection from what appeared to be a double bottom, now triple bottom, I began to look further into the case to see if i had missed something in this particular chart

I reversed my position when this pattern suddenly seemed to jump out the screen and right in my face. The PRZ looks like a textbook example.
Time will tell whether or not I made a wise decision. Regardless of what happens, I will be ready to accept being wrong in case of price moving against me, and in case of being right I will be ready to accept another winning trade in the portfolio and will be looking forward to hopefully add another winner in the spreadsheets.

Note I have been short since Asia and managed to book around 100 pips profit on the short side of this trade.

Make sure to check the related ideas for more information about this trade.

Best of luck to all following this idea.

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Thank you for reading & happy trading folks!

May God bless