This double bottom pattern has formed on the daily chart of XAU/USD (Gold) and is ready for a breakout. The two bottoms are marked with the lower yellow line; the neckline is marked with the upper yellow line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. Stop-loss can be set to the low of the breakout candle (not shown on the chart).
Trade active:
Long entered today at 14:13 UTC at 1763.13 with SL = 1734.32 and TP = 1833.83.
Trade closed: target reached:
TP reached today at 12:34 UTC.
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