AUDCHF has formed a potential Double Bottom reversal pattern on the 4-hour timeframe. Price tested the support zone twice near 0.52172 and rejected strongly, building a bullish structure.
🔹 Pattern: Double Bottom
🔹 Key Support Zone: Around 0.52172
🔹 Neckline Resistance: Around 0.52537
🔹 Current Entry: 0.52472
🔹 Bias: Bullish above support
Price is now trading just under the neckline. If buyers can secure a breakout and close above 0.52537, this would confirm the pattern and open the door for higher targets.
📈 Trading Plan (for educational purposes only):
#AUDCHF #Forex #DoubleBottom #ReversalPattern #PriceAction #4HChart #TechnicalAnalysis #BullishSetup #SupportResistance #ForexTrading
Entry: Taken at 0.52472
Stop Loss: Below 0.52172
Targets: First target near mid resistance, extended target toward full measured move of the pattern
⚠️ Risk management is crucial — this is an analysis, not financial advice.
🔹 Pattern: Double Bottom
🔹 Key Support Zone: Around 0.52172
🔹 Neckline Resistance: Around 0.52537
🔹 Current Entry: 0.52472
🔹 Bias: Bullish above support
Price is now trading just under the neckline. If buyers can secure a breakout and close above 0.52537, this would confirm the pattern and open the door for higher targets.
📈 Trading Plan (for educational purposes only):
#AUDCHF #Forex #DoubleBottom #ReversalPattern #PriceAction #4HChart #TechnicalAnalysis #BullishSetup #SupportResistance #ForexTrading
Entry: Taken at 0.52472
Stop Loss: Below 0.52172
Targets: First target near mid resistance, extended target toward full measured move of the pattern
⚠️ Risk management is crucial — this is an analysis, not financial advice.
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.
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.