FOREXEL
Long

AUDUSD - Will we have a double bottom retracement on the weekly

FX:AUDUSD   Australian Dollar/U.S. Dollar
136 3 8
We all know that the Aussie have been selling off big time lately and took another nose dive after the last NFP. There is still a lot of room to the downside on the monthly chart but right now we see a double bottom where the Aussie have pulled back in the past. It is always tricky to dare to enter pull back trades in situations like we have now with a 4 year record high USD Index. But the techs is often right as well so worth to keep an eye imho. Happy trading
Now we have the confirmation making money on this trade
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You have no confirmation of a double bottom!
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Yes i think we gonna bounce here, but can wait to see next Weekly Candle
snapshot
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