trendscalpingea
Long

AUDUSD double bottom in place?

FX:AUDUSD   Australian Dollar/U.S. Dollar
133 1 1
Hi traders,

Our bias on AUDUSD             is long, as we believe pair has established double bottom on 0.76 level (both swing lows are on the same level), this offers potencial for long trade, however one needs to be careful here with multiple bearish candles with longer wicks. So we will trade this as breakout trade, placing buy stop order at 0.77120 with stoploss below swing lows 0.75960 and targeting 0.80 level (stronger resistance, orange box).

Happy trading,
TrendScalpingEA team
www.trendscalp.com
trendscalpingea
2 years ago
UPDATE: this trade worked out perfectly, we are setting the stoploss on breakeven.
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