AUDUSD: Double Bottom At Lower Parallel Long

Australian Dollar/U.S. DollarFXCM

Description

⋅ Nov 11, 2016 8:26 AM

Price is testing the lower parallel of a valid upslope median line and it has formed a double bottom at that level. We may see that price has been rejected at the level a good reason to go long with tp and sl as shown at the chart.

AUDUSD medianline