AUD/USD Double Bottom Forming
Updated
AUD/USD is currently forming what looks to be a Double Bottom Pattern.
Price was unable to extend lower past the low on Aug. 16th and is now moving up!
The second "bottom" of this potential Double Bottom terminated in my Fib Kill Zone furthering my confidence in this analysis in deeming this a High Probability Pattern!
If price can break above the .64881 level, we will be looking at a potential bullish sequence!!
Price was unable to extend lower past the low on Aug. 16th and is now moving up!
The second "bottom" of this potential Double Bottom terminated in my Fib Kill Zone furthering my confidence in this analysis in deeming this a High Probability Pattern!
If price can break above the .64881 level, we will be looking at a potential bullish sequence!!
Note
Negative news coming in for DXY sending it into a reversal further fuels my confidence in this possible BULLISH setup!!STAY TUNED!!
TRADE SETUP WILL BE PUBLISHED NEXT!!
Novi_FIbonacci
Telegram - t.me/+l3fTcsZu91ZiZDkx
Telegram - t.me/+l3fTcsZu91ZiZDkx
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