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.
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AndriyMoraru PRO DanielSarraf
True. The long will trigger only if the price goes to the cyan line.
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