The double bottom pattern on the 4-hour chart of USD/CHF can be used for a bullish breakout trade. The bottoms and the "neckline" are marked with the yellow lines. My potential entry is located at the cyan line. My potential take-profit level is at the green line. I will use the low of the breakout candle as my stop-loss level (not shown on the chart).
Order cancelled:
Trade setup cancelled due the pattern invalidating.
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