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Double Bottom

The Truth Behind Double Tops: Why 90% of Traders Get Trapped...📘 Mastering the Double Top Pattern — Structure, Psychology & How Smart Money Uses It - The Double Top is one of the most powerful reversal patterns in technical analysis. When used correctly, it helps traders catch the transition from bullish momentum → bearish reversal with high accuracy. - Let’s break down the structure using the chart you provided and enhance it with professional-level insights. 🔶 1. Structure of the Double Top 1️⃣ The First Top - Price pushes upward strongly during an uptrend. - Buyers are in full control and create the first peak. - After reaching resistance, price pulls back → forming the neckline. This pullback is normal and represents the market taking profits. 2️⃣ The Second Top - Price rallies again but fails to break above Peak 1. - This failure is extremely important — it shows bulls are losing strength. - The second top traps late buyers who expect a breakout. 3️⃣ The Neckline Break - Once price breaks below the neckline, the structure is officially confirmed. - This represents sellers overwhelming buyers. - A break of structure → shift in market control. 📌 Professional traders only consider the pattern valid AFTER the neckline break. 🔶 2. Market Psychology Behind the Double Top Understanding the pattern’s psychology is what separates beginners from professional traders. 1️⃣ At Peak 1 Bulls believe the trend will continue. Retail traders buy aggressively. 2️⃣ Pullback to Neckline A healthy correction occurs; no one expects a reversal yet. 3️⃣ At Peak 2 This is where emotions start to shift: - Retail buyers expect a breakout. - Smart Money uses this area as a liquidity zone to trigger buy stops. - Institutions often sell into this liquidity, creating the foundation for reversal. 4️⃣ Neckline Break Panic begins: Buyers trapped at Peak 2 start closing positions. Sellers enter aggressively. Momentum shifts — the trend has reversed. 5️⃣ Retest The retest is a psychological trap: - Trapped buyers hope for “one more push up.” - Sellers add positions at better prices. - When price rejects the neckline → the downtrend accelerates. 💡 This is why the retest is the safest sell entry. 🔶 3. Conditions for a High-Quality Double Top To avoid fake patterns, check these criteria: ✔️ Must appear after a clear uptrend ✔️ Both tops should be similar in height ✔️ Volume should decrease on the second top ✔️ Neckline breakout must be decisive and clean ✔️ Better if second peak creates a stop-hunt wicking above Peak 1 ✔️ Even more powerful when aligned with: - HTF resistance - Institutional zones - Liquidity sweeps - Overbought RSI - Divergence 🔶 4. How to Trade the Double Top 1️⃣ Entry (Sell Zone) Best Entry: 👉 SELL on the neckline retest after the breakout. This gives: - Best accuracy - Best risk–reward - Confirmation that the market has shifted bearish 2️⃣ Stop Loss Placement Place SL: - Above Peak 2 - Or above Peak 1 (more conservative) 🛑 SL must sit outside the structure to avoid fake moves. 3️⃣ Take Profit Target The classic measurement: - Distance from Peak → Neckline - Projected downward This gives the first TP. TP2 can be placed at: Next support zone - Fib 1.618 extension - HTF demand area 🔶 5. Real Market Example Your image shows: - Two clear peaks forming under a resistance zone - Neckline support holding price - A strong break below the neckline - Sell entries at the ideal points: + Point 1 → aggressive breakout trader + Point 2 → safest retest entry + Point 3 → early anticipation entry (riskier) The downward projection after the pattern aligns perfectly with the expected target zone. 🔶 6. Trader Psychology: Why People Lose with Double Tops Most traders get trapped because they: ❌ Sell too early (before neckline break) ❌ Expect the second top to drop immediately ❌ Ignore volume or candle strength ❌ Enter without waiting for retest ❌ Fear missing out and chase price after the big drop Smart Money uses these emotions: - Greed → traps buyers at Peak 2 - Fear → forces panic selling at neckline break - FOMO → attracts late sellers at the worst price Your job is to stay patient and enter only at the retest, where probability is highest. 🔶 7. Professional Tips to Master the Double Top ✔️ Wait for structure confirmation → neckline break ✔️ Don’t sell inside the range between the two peaks ✔️ Use RSI divergence to strengthen accuracy ✔️ Look for stop-hunt wicks above Peak 2 ✔️ Combine with trendline breaks for timing ✔️ Use a top-down approach (H4 + H1 → M15 entry) ✨ Final Message for Traders The Double Top is not just a pattern it is a reflection of fear, greed, and trapped liquidity. Master the psychology behind it, and it becomes one of your most reliable reversal tools. If this helped your trading, drop a comment and share your thoughts! Let’s grow together. ❤️📈
FX:XAUUSDEducation
by Matthew_TradeRFX
XAUUSD- GOLD FORMING "W" PATTERN KEY (READ CAPTION)Hello trader's what do you think about gold Gold (XAUUSD) is currently forming a clear W Pattern / Double Bottom structure, which is a strong indication of a potential bullish reversal in the market. Support Levels Support 1: 4180 — A strong reaction zone where buyers have previously held the market multiple times. Support 2: 4293 — A higher support zone that can act as a continuation level if price respects it on a pullback. Market Outlook The price action is showing a clean W pattern, suggesting that if the neckline breaks, we can expect a strong bullish move. If price retraces downward, both 4180 and 4293 serve as ideal buy zones for buyers preparing for the next bullish leg. Technical Summary W Pattern → Potential bullish reversal 4180 → Deep correction support 4293 → Continuation support please don't forget to like comment and follow
OANDA:XAUUSDLong
by fx_hunter99
Cognex (CGNX) – Downtrend Breakout + Double Bottom ConfirmationOn the Weekly timeframe , NASDAQ:CGNX is showing strong bullish technical signals: The long-term downtrend line has been broken both on body and shadow, confirmed with high volume . The last weekly candle is forming near a retest, while on the Daily chart, a strong bullish candle confirms buyers stepping in. A clear Double Bottom pattern has formed, with the neckline overlapping the downtrend line, providing stronger confirmation. Price is trading above EMA50 & EMA100 , with EMA50 attempting a bullish cross over EMA100. The stock has also broken through local resistance , opening the way for higher targets. MACD is bullish, showing positive momentum. RSI is already inside the overbought zone. However, since no divergence is present, this could still support bullish continuation, though short-term pullbacks are possible. Key Levels: If the breakout and retest confirm, the first target is the nearby resistance zone. A further move towards the next resistance level (~$72–73) is possible if momentum sustains. Important Note: This analysis is not a buy/sell signal , but rather an educational outlook. While technicals are bullish, traders should remain cautious as RSI is in the overbought zone, where short-term corrections are common. (For educational purposes only, not financial advice.)
NASDAQ:CGNXLong
by Binhuseyn
USD/JPY –Bullish Double-Bottom Targeting Major Weekly ResistanceThis USD/JPY weekly chart is showing a clean double-bottom reversal structure formed at a strong higher-timeframe support zone (≈138.00–140.00). The first rejection created Swing Low 1, and the second rejection created Swing Low 2, both tapping the same demand block — a classic sign that buyers are aggressively defending this level. Price then pushed upward, breaking toward the neckline, confirming early bullish momentum. Volume Profile on the right shows a clear low-volume pocket above current price, meaning once price breaks through the neckline area, it can accelerate very quickly toward the next major liquidity pool. The primary upside target is the weekly resistance zone around 160.00–163.00, where previous supply and liquidity reside. The dotted projection on the chart represents bullish continuation, showing buyers likely stepping in on minor pullbacks. Overall, this chart is signaling a high-probability bullish continuation, as structure, support, and volume profile all align for upside movement.
Long
by ZACKFX7
US DOLLAR INDEX (DXY): Bullish Movement Confirmed?!Following a recent bearish movement, the 📈DXY has corrected to a previously breached key structural level. I have identified two significant bullish confirmations after this test: the price has violated the neckline of a double bottom pattern and the resistance line of a falling parallel channel pattern. Both breakouts suggest a high probability of a bullish trend resumption. The market will probably continue its upward trajectory and reach the 99.70 level in the near term.
TVC:DXYLong
by linofx1
4
$TZA: BULLISH PATTERNS AMEX:TZA : This chart is quite interesting. Starting point: The MACD indicates a buy signal, and the 14-period RSI is at 60 (though not shown). Therefore, everything considered, the trend appears to be bullish. I can identify two possible patterns: 1) Since the low on October 27, AMEX:TZA is unfolding a Zigzag (ABC) pattern. The 1x1 extension for the wave (C) at 9.22. Additionally, a double bottom pattern is present with a target of 9.45. 2) AMEX:TZA has formed an inverse head and shoulders (IHS) pattern with a target at 10.52. It’s worth noting that the right shoulder may be somewhat indistinct. In any case, we will see how the price develops.
AMEX:TZALong
by OLIV2020
Bitcoin Falling Wedge Signals Breakout or Breakdown ZoneBitcoin is trading inside a falling wedge, a pattern that traditionally leans bullish when the breakout occurs. At the same time, the price is approaching a historically sensitive region — the 112,000 USD zone, which is acting as the potential Point A (left shoulder zone). If Bitcoin rejects from 112k–113k, this level may complete the left side of a developing head and shoulder formation, especially if the market loses its neckline later. Important Supports to Watch $97,000 → The most crucial support on the daily. $97,500–$98,000 → Double-bottom demand zone. $92,000 → The next major support & unfilled gap region. A clean break below 97k will flip the entire market structure bearish and likely trigger a rapid decline toward 92k, confirming the neckline breakdown of a head and shoulder setup. Bullish Scenario If BTC forms a double bottom around 97.5k–98k, or if it sweeps liquidity and reclaims the level: The falling wedge can break upward. A push toward 112k becomes highly probable next week. A breakout above 113k invalidates the bearish reversal and opens the way for continuation to higher levels. This scenario requires a successful retest of the falling wedge breakout and strong volume.If BTC gets rejected at 112k–113k, and later breaks down below 98k, the chart will complete: A textbook head and shoulder A lost wedge structure Momentum shift from bullish to bearish This breakdown can trigger a high-velocity dump into the 92k gap zone.What Traders Should Focus On 112k–113k → Critical rejection zone to confirm the left shoulder. 97k–98k → Most important support and possible double-bottom area. 92k → Final downside target if BTC loses the neckline. Watch for liquidity sweeps and volume strength to validate direction.Final View Bitcoin is entering a decision phase. The chart is offering both bullish wedge breakout potential and bearish head and shoulder risk, depending on how price reacts at 112k and 97k. This is a position where traders should stay alert and wait for clean confirmation from either the breakout or the breakdown before placing major trades.
BINANCE:BTCUSD.P
by crypto_vulture_signals
The Pattern That Looked Bullish… Until It Didn’t1. The “Too Good to Be True” Setup You’ve seen it a hundred times — that shiny W-shaped pattern that screams reversal. Traders spot it, celebrate it, and rush in before it even completes. But not every double bottom deserves a standing ovation. Sometimes, what looks like a powerful comeback is actually the calm before another dip. 2. Meet the Real Players: FO vs. UFO Behind every pattern hides a tug-of-war between two invisible forces: FO (Filled Orders): Where buyers already did their job. The gas tank’s empty. UFO (UnFilled Orders): Where fresh buyers are still waiting. That’s where the real fuel sits. In our current setup, price bounced from an FO zone that already spent its energy. The next UFO zone — the untouched demand — sits lower. Translation? The market might need one more leg down to refuel before any real rally begins. 3. The Bear Hiding Inside the Bull Chart shapes can lie. Order flow doesn’t tend to. When price sits on an FO support and the next UFO level is far below, odds tilt toward a break, not a bounce. It’s like jumping on a trampoline that’s already been stretched too far — it might not spring you up again this time. 4. Rethink “Confirmation” Pattern traders often buy the moment they spot symmetry. Smart traders wait for liquidity confirmation — the moment unfilled demand actually engages. If that doesn’t happen, all you’ve got is a good-looking shape on a tired level. 5. The Real Lesson Patterns attract attention. Order flow reveals intent. Patience separates analysis from impulse. The next time a chart whispers “reversal,” ask yourself: Is it running on new energy or recycled hope? Want More Depth? If you’d like to go deeper into the building blocks of trading, check out our From Mystery to Mastery trilogy, three cornerstone articles that complement this one: 🔗 From Mystery to Mastery: Trading Essentials 🔗 From Mystery to Mastery: Futures Explained 🔗 From Mystery to Mastery: Options Explained When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME:BTC1!Education
by traddictiv
$BTC Double Bottom Near 98K, Eyes on 109K Liquidity HuntBitcoin is currently retesting the crucial 98K support area, forming a potential double bottom pattern on the 4H chart. This zone is acting as a decisive pivot — a confirmed bullish 4H close from here could trigger a sharp liquidity grab toward the 109K region, where late short positions might get squeezed. However, if the 98K support fails to hold and the candle closes below it, the structure weakens, opening room for a deeper correction toward 95K–90K. For now, this area remains a high-reward zone for cautious long entries, only after confirmation of a bullish 4H close. 📊 Trade Plan Summary: Bullish scenario: Longs above 98K confirmation → Target 109K Bearish scenario: Breakdown below 98K → Downside to 95K–90K Key zone: 98K (Major structural support) ⚠️ Always wait for confirmation before entering; market may still sweep liquidity before the real move begins.
BINANCE:BTCUSD.P
by crypto_vulture_signals
The Double Bottom Trap That Traders Might Miss1. The Comfort Zone of Classic Patterns Few formations attract traders’ attention like a double bottom. It’s one of those timeless chart patterns that promise hope after a long decline—a visual story of selling exhaustion followed by a bullish reversal. But markets rarely reward what’s obvious. In futures trading, especially when examining instruments like Bitcoin Futures (BTC) and Micro Bitcoin Futures (MBT), patterns are only half the story. What truly moves price isn’t just the shape on the chart—it’s the order flow behind it. That’s where understanding FO (Filled Orders) and UFO (UnFilled Orders) becomes essential. Both represent past and potential liquidity imbalances, and reading their relationship can transform how traders interpret “classic” setups. 2. The Bitcoin Setup: A Tale of Two Bottoms The current BTC daily chart paints what seems like a textbook double bottom. Two price troughs form near the same horizontal area around $104,000, setting up the typical “W” shape many traders see as a bullish reversal pattern. However, when we dig deeper into the order flow structure, the illusion begins to fade. A FO Support level exists near $103,860, meaning that this area previously attracted enough buyers to halt a decline—but those orders have already been filled and we know this given the fact that price turned at that price level before. The next UFO Support zone sits much lower, around $95,640. That’s where unfilled buy orders are expected to remain waiting, untouched. This distinction matters. While FO zones mark previous turning points, UFO zones highlight potential turning points that still contain resting liquidity. In simple terms, FO areas represent “used energy,” while UFO areas represent “stored energy.” 3. FO vs. UFO – The Order Flow Reality Check Let’s define these two concepts with precision: FO (Filled Orders): Price zones where significant buying or selling already occurred. These levels once reversed price, but because those orders were executed, fewer remain to defend the level again. UFO (UnFilled Orders): Price zones containing pending buy or sell orders not yet triggered. They represent areas of fresh imbalance and therefore carry a higher probability of influencing future price moves. In our Bitcoin case, the FO Support around $103,860 has done its job already—it stopped price before. But now, the unfilled buying interest lies lower, implying that the market may need to travel down to reach fresh demand at $95,640. On the other side, UFO Resistance hovers near $112,410, enveloping the top of the double bottom structure. Should the price rebound toward that level, sellers waiting there could re-enter the scene, potentially capping any bullish recovery. The conclusion? This pattern isn’t as bullish as it looks. 4. When Bullish Shapes Hide Bearish Probabilities Most traders spot the double bottom and immediately think “trend reversal.” Yet, the distance between FO and UFO levels tells a more subtle story. Since FO Support levels carry reduced strength after being tested, they’re more likely to break than hold. In this context, the probability favors a downside continuation rather than an immediate bounce. If price breaches $103,860, the next probable destination becomes the UFO Support at $95,640. Only then, after reaching that pocket of unfilled demand, might a significant rebound have higher odds. It’s a reminder that technical patterns, while valuable, must always be filtered through liquidity context. A pattern without order flow validation is like reading the market’s outline without its story. 5. Quantitative Insight: A Probabilistic Lens Think of this in probabilistic terms: When FO zones sit above UFO zones, the market often continues toward the unfilled liquidity. When UFO zones lie closer to current price, reversals occur faster because demand (or supply) is still waiting to be executed. In our example, BTC shows a larger gap between FO and UFO support levels, signaling lower immediate reversal odds. The chart may appear bullish, but the underlying order flow distribution points to weakness first, strength later. This is not a prediction—it’s an observation of potential. It allows traders to structure their expectations based on where fresh participation is more likely to emerge. 6. Risk Management: Navigating the Trap For traders considering setups around this structure, risk management is crucial. Entry awareness: Avoid entering long positions purely because a double bottom “looks bullish.” Consider waiting for evidence of unfilled demand being triggered (confirmation at or near UFO Support). Stop-loss placement: Stops below FO Support can easily be hunted in liquidity sweeps; better to align risk control with genuine unfilled demand areas. Reward-to-risk thinking: A test of the UFO Support near $95,640 could later offer a more favorable upside-to-downside ratio than buying prematurely at $104,000. Remember, pattern-based entries without liquidity confirmation often carry poor asymmetry—small upside with large downside risk. 7. Futures Structure and Margin Awareness Both BTC and MBT represent Bitcoin exposure via futures contracts, but their sizing differs dramatically. BTC equals 5 Bitcoin per contract, making it suitable for larger, institutional players. (1 Tick = 5 = $25. Required Margin = $132,500) MBT, the Micro Bitcoin Futures, equals 0.1 Bitcoin per contract, offering flexibility for smaller accounts and finer position scaling. (1 Tick = 5 = $0.50. Required Margin = $2,600) Understanding margin requirements is essential—these products are leveraged instruments, and small price changes can result in large percentage gains or losses. 8. Key Takeaway: The Hidden Lesson This entire setup illustrates a powerful educational point: Chart patterns may draw the eye, but order flow tells the truth. The double bottom may invite buyers, but the imbalance between FO and UFO zones exposes an underlying weakness. Traders who rely solely on visual patterns may walk straight into a trap. Those who align patterns with liquidity insights, however, read the market at a deeper level. In the current context, BTC and MBT might need to visit lower support levels before finding true stability. Watching how price behaves around these unfilled order zones will reveal whether this double bottom turns into a lasting floor—or just another false start. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME:BTC1!Education
by traddictiv
NASDAQ: ALAB — Holding the Golden Zone After a Parabolic DropALAB shows a structure similar to RDDT(see my previous idea) — a newly listed growth stock that gained strong momentum after breaking above its weekly SMA 20 in mid-May.
 After reaching an all-time high, the stock started to pull back in late September. Recently, a sharp parabolic drop drove the price down toward a confluence of supports: * the previous swing low around $160(red dotted line), * the weekly SMA 20 (purple), * and the Fibonacci 0.618 retracement level of the recent rally. This week’s candle closed bullishly, reclaiming the $160 area and confirming strong demand at this golden zone. The sharp sell-off likely flushed out retail stop orders, providing the base for a potential next leg up. Overall, this area offers an attractive risk-to-reward setup, with technical supports aligning across multiple timeframes.
NASDAQ:ALABLong
by qhinvestment
NYSE: RDDT Weekly – A Classic 0.618 Pullback in PlayRDDT has been trending higher since April, and its uptrend gained momentum after breaking above the 20-week SMA in mid-June. The stock saw some pullback in mid-September, retesting the previous swing low around 205 (red dotted line), which also lines up with the rising trendline (green) and the 20-week SMA (purple) — right near the key Fibonacci 0.618 level. This week, price bounced from that confluence zone and closed with a bullish candle, reclaiming the previous low. The move looks like a possible stop-hunt before the next leg higher, showing that buyers are defending this key support area.
NYSE:RDDTLong
by qhinvestment
EURUSD BTMM Analysis – Potential Reversal SetupOn the 1-hour chart, EURUSD continues to follow a clear downward trend, with price forming multiple lower highs and lower lows across the week. Currently, the pair is trading near a potential reversal zone, where market makers may begin accumulation before a shift in direction. The MAs remain bearish, but early signs of exhaustion are visible as momentum slows near 1.1550 support. If price forms a clear structure shift (SOC) or stop-hunt low, the setup could confirm a Day 1 reversal leading into a bullish retracement or a new cycle phase. Bias: Preparing for possible bullish reversal Confirmation: Structure break and hold above intraday highs Invalidation: Sustained breakdown below 1.1530
Long
by BeaucoupPips
5
$BTC Correction : Watch for Double Bottom or Deeper Drop to 88kBitcoin faced a clear rejection around the 116,500 zone, marking a fresh lower high and confirming that a corrective phase is in play. At this stage, price action suggests a potential formation of a double bottom or a wick recovery setup — with nearly 70% of the wick zone likely to be filled as liquidity gets tapped. In the bullish case, a rebound from the current structure could fuel an upside move once the lower support holds. However, if BTC loses the 98,000 support, it opens the door for a deeper correction toward the 88,000–90,000 range. For now, short trades remain more favorable until we get a confirmed double-bottom or clear reversal signal. Once the market structure shifts and liquidity from the lower zones gets cleared, long setups can be reconsidered. Let’s see how Bitcoin reacts around these levels — the next few candles will define whether the correction deepens or reverses. #Bitcoin #BTCAnalysis
BINANCE:BTCUSD.PShort
by crypto_vulture_signals
AES Springs Out of Double BottomAES has been showing a constructive setup on the charts, and the latest move looks like a clear signal from the bulls. Recently, the stock broke out of a Double Bottom pattern , which is widely considered a bullish reversal structure. This pattern often marks the end of a downtrend and the start of a potential uptrend, especially when supported by volume and clear support levels. Adding to the strength of this breakout, AES took support from a strong support zone in the range of 12.24–12.5 . This area has acted as a solid base where buyers consistently stepped in, preventing further downside. The fact that the stock respected this zone before bouncing gives extra conviction that the downside is well protected in the near term. Now, with the breakout confirmed and buyers back in control, the next logical upside level comes in at 13.33 . This acts as the immediate price target based on the pattern’s projection and prior resistance levels. If AES continues to hold above the breakout area, momentum could carry it higher in the short term, attracting more participants who missed the initial move. On the flip side, a sustained break back below the 12.24 zone would weaken this bullish setup. Overall, the technical confluence of a Double Bottom breakout , strong support zone confirmation , and a clear price target of 13.33 makes AES an attractive setup to watch in the coming sessions.
NYSE:AESLong
by peace_lover
Xau/Usd - Double Bottom Breakout & Bullish Reversal Support Zone: Price tested a key support level (gray area) twice, forming a classic Double Bottom pattern. CHoCH (Change of Character): After the second bottom, price broke above the previous minor high, signaling a potential reversal from bearish to bullish. Volume Confirmation: Increased buying volume at the second bottom supports bullish momentum. Trade Plan: Entry Point: Marked at 4,037.260 after confirmation of CHoCH and bullish candle close above neckline. Target: Aiming for the Weak High area (prior resistance level). Risk Management: Stop Loss: Below the second bottom and support zone (approx. < 4,000 level). Risk-Reward: Minimum 1:2 to weak high. Bullish Bias Justification: Double Bottom pattern indicates accumulation. CHoCH confirms early trend reversal. Break of Structure (BOS) aligns with bullish continuation. Clear breakout from bearish trendline adds confluence.
OANDA:XAUUSDLong
by Hamza_Gold