Abdulla-yousif

Double Bottom Pattern On The 4 Hours Frame

FX:AUDCAD   澳元/加元
I see a double bottom pattern on the 4 hours frame and the price is respecting the neck line so far.

On the 1 hour frame however, we have (0.92496) as a support that is holding the price bellow the neck line.

If the price breaks the neck line with a daily candle then it will go up after retesting the neck line and ranging around it for a while.

If the price breaks the support (0.92496) on the 1 hour frame then it will drop down supported by the general downtrend on the daily frame


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