Potential Double Bottom on AUD/USD 240 Minute Chart

The AUD/USD 240 minute chart is showing potential for a double bottom . If it completes, this would be a trend continuation trade that would present a 1.3 reward to risk ratio trade. I would look for a bullish entry with stops below the previous outside return and a profit target at the previous structure high. The market is trending bullish which means that if a double bottom is formed price is likely to break higher than the previous high. More aggressive targets can be taken at higher levels.
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文