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
Yes i think we gonna bounce here, but can wait to see next Weekly Candle
snapshot
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You have no confirmation of a double bottom!
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Now we have the confirmation making money on this trade
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