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m_maleklou
Feb 12, 2020 10:45 PM

Double Bottom With Almost 100 Pips Height... Long

Australian Dollar/U.S. DollarFXCM

Description

1) AUD/USD is near a critical point which is intersection of upper band of downward channel+Horizontal Resistance+23% Fibo+EMA 100 and it is almost completing Double Bottom pattern.
2) Based on Elliot Wave It seems Wave 5 is completed.
3) MACD & RSI shows Divergence.
so, based on these three it might be a perfect long position with a high Reward/Risk Ratio if price goes upper than 0.6755
Comments
Future_Trading
very nice super trade setup
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