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Lionheart-EWA
Feb 10, 2017 4:35 PM

AUD/USD - Double Three Formation - Bullish Breach  Long

AUSTRALIAN DOLLAR / U.S. DOLLARICE

Description

Minuette Wave (iv) unfolded as a Complex Double Three Formation and a Bullish Breach of the Contracting Triangle was confirmed.
AUD/USD is Bullish at this point and heading towards Minuette Wave (v).
As the Breach occurred, a good strategy for a BUY Position would be to follow a Bullish Flag Formation (see drawings) and treat the Trendline as Support.

Entry - 0.76600
SL - 0.76300
Tp - 0.77200 or 0.77800

Trade closed: target reached

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