halian2k

AUDCHF Double Bottom Reversal 1H TF

Long
FX:AUDCHF   Australian Dollar / Swiss Franc
AUDCHF instrument shows bearish reversal pattern of double bottom. Price is projected based on previous LH's as neckline. Buy Stop is placed 3 PIPS above neckline with TP1 and TP2 is marked based on projection. Total Risk and Reward is at 1:2. Two trades will be executed with one going toward TP1 and the second toward TP2. After TP1 is hit, TP2 will be set to breakeven.
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