Double Bottom on AUD/USD @ W1

The double bottom formation on the weekly chart of AUD/USD offers a bullish breakout opportunity. The bottoms and the "neckline" are marked with the yellow lines. My potential entry is located at the cyan line. My potential take-profit level is at the green line. I will use the low of the breakout candle as my stop-loss level (not shown on the chart).

Trade active:

Long entered at 0.69161, SL=0.68102, TP=0.71175 at 0:55 UTC on October 31.

Trade closed: stop reached:

Stop-loss reached today at 00:30 UTC.