AndriyMoraru
Long

Double Bottom on AUD/USD @ H4

FX:AUDUSD   Australian Dollar / U.S. Dollar
The double bottom pattern on H4 chart of AUDUSD             offers an opportunity for a bullish breakout. The pattern's borders are marked with the yellow lines. My potential entry level - the cyan line. My potential exit level - the green line. Stop-loss is to be set to the low of the breakout bar (not shown).

More information, chart template, and free expert advisor to automatically trade this pattern - on http://www.earnforex.com/blog/audusd-finalizes-double-bottom-on-h4/
Trade active: Entered at 16:34 UTC. Entry = 0.70707, SL = 0.70166, TP = 0.72674.
Trade closed: stop reached: Stop-loss reached yesterday at 20:01 UTC.
You can find a lot of detail about my trading ideas in my blog - https://www.earnforex.com/blog/. You will also find useful tools to find, build, and trade similar patterns - all completely free.
It hit major resistance and rejected at the upper yellow line, so it can go either way.
Reply
AndriyMoraru PRO DanielSarraf
True. The long will trigger only if the price goes to the cyan line.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out