The AUDUSD: look this week for 1H chart to make a double bottom
Updated
This down move is exhausted. Let the pair rest, and go make a 1,2,3 bottom.
A one-two-three bottom (as labeled) is like a double bottom but the bottoms don't have to be exactly even. That is why I said 1,2,3 bottom. You can think of it as a double bottom. At the end of the double bottom, go long.
All of this will take several days this week to develop. Be patient and you can track the progress of the double bottom, but get ready for a up move after the double bottom.
A one-two-three bottom (as labeled) is like a double bottom but the bottoms don't have to be exactly even. That is why I said 1,2,3 bottom. You can think of it as a double bottom. At the end of the double bottom, go long.
All of this will take several days this week to develop. Be patient and you can track the progress of the double bottom, but get ready for a up move after the double bottom.
Trade active
ok. the retracement period ended early. I missed the trade. But, stay tuned, there will be plenty more of these set ups that I will publish. This is the nature of trading. We have a plan, we read the waves and we sometimes get in. We sometimes win, and some will be losses. Use good money management and our edge will carry us to the promise land..
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