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vduquenne

XAUUSD 60m : Double bottom strategy

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
vduquenne  
FX:XAUUSD   Gold Spot / U.S. Dollar
AB=CD Double Top or Bottom
5
0
abcdpattern doubletoporbottom
We can see a valid double bottom.

We also a reversal hitting the famous golden mean (61.8%).µ

Statistically a possible move upwards can occur.

Hereby plausible target and SL level.




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