Double Bottom - Long
Updated
Looks like we have a double bottom and a breakout candle on the 4 hour chart. See Chart for Position.
Note
We are getting a flag pattern forming.. if price closes below the trendline I will reverse my position and go short with targets at the next support/resistance level which lines up with the harmonic impulse move downNote
Closed the position when flag pattern violated to the downside losing 25 pips but then went short as price fell and gained 45 pips.. net profit of 20 pips on a "losing" trade :)Trade closed manually
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.