vlad.adrian
Long

AUDUSD - Weekly double bottom

FX:AUDUSD   Australian Dollar/U.S. Dollar
367 2 9
For the moment, the downside pressure on this pair is gone, and a rally is probable.

Weekly class A bullish divergence, followed by a double bottom with a class B divergence is a very common pattern. If I would be considering the pattern alone, I would say that an uptrend would come, but since there are more facts to consider, I would say that a rally to 0.92-0.93 is way more likely.
There is no candle signal yet, so buy with caution. Once we get a candle signal we'll probably have a green impulse, adding heavily will be a good idea.
timwest PRO
2 years ago
Looks good. Agree.
Reply
AdrianRotaru
2 years ago
Now, I prefer to wait and see approach
Good point with 78.6% :-)
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