T' Aussie Double bottom AUDUSD Forex buy/long possibility [BTFD]
Updated
The Aussie has reached what appears to be the possible start of a double bottom pattern, the price has been in a steady downtrend on the Daily timeframe and has reached a support level last reached in Nov 2015.
There is also some hidden bullish divergence on the daily chart
This is going against the trend but keeping within the channel going up and possibly breaking upwards in price with resistances shown on the chart
The DXY seems to have peaked a bit last friday and that weakness should give a good sign towards further profits into this possible trade sceanrio
AUD/USD
Entry – 0.708 – 0.709
TP 1 – 0.7129
TP 2 – 0.716
TP 3 – 0.74316
There is also some hidden bullish divergence on the daily chart
This is going against the trend but keeping within the channel going up and possibly breaking upwards in price with resistances shown on the chart
The DXY seems to have peaked a bit last friday and that weakness should give a good sign towards further profits into this possible trade sceanrio
AUD/USD
Entry – 0.708 – 0.709
TP 1 – 0.7129
TP 2 – 0.716
TP 3 – 0.74316
Trade active
Trade closed: target reached
target reached
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