AndriyMoraru
Long

Double Bottom on AUD/USD @ H4

FX:AUDUSD   Australian Dollar/U.S. Dollar
10 months ago
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/
10 months ago
Trade active: Entered at 16:34 UTC. Entry = 0.70707, SL = 0.70166, TP = 0.72674.
10 months ago
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.
DanielSarraf PRO
10 months ago
It hit major resistance and rejected at the upper yellow line, so it can go either way.
Reply
AndriyMoraru PRO DanielSarraf
10 months ago
True. The long will trigger only if the price goes to the cyan line.
Reply
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