exploration

Double bottom break out EUR/AUD

FX:EURAUD   Euro / Australian Dollar
164 0 0
The EUR/AUD             did a good breakout and created a channel. Suggestion: Trade the pivot point high and low 2 hour and/or 4 hour time frames but add the pivot method for R1 and S1 etc.
This is what the start of the breakout looked like on this chart

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This is free pivot calculator http://www.babypips.com/tools/forex-calculators/pivotpoint.php This link has tips on the pivot method and the math on how to calculate the pivot numbers http://www.babypips.com/school/how-to-calculate-pivot-points.html This persons video explains how to use the pivot method in detail http://youtu.be/nvMhj3n01D8 and this person explains in a video Pivot Point Strategy http://youtu.be/0D_O6ZeRRn8

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