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AUDNZD LONG - possible bear trap

Long
Australian Dollar / New Zealand Dollar (FOREXCOM:AUDNZD)  
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FOREXCOM:AUDNZD   Australian Dollar / New Zealand Dollar
Chart Patterns AUDNZD audnzdlong
2
0
chartpattern audnzd audnzdlong
Do we have a bear trap on AUDNZD?

The market is at a double bottom and just about at a 1.272 reversal.

Market found a bottom started moving up and failed. Has this just created a bear trap and is it now finally about to go up...

Coincidentally it is at the bottom of a range as well.

We have a few confluences - we could go LONG with a small stop
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