- AUD/USD looks to be forming a double bottom bullish reversal pattern
- The two bottoms have formed @ ~ 0.72
- The neckline of the pattern is found @ ~ 0.724
- If this level were to be broken to the upside this would validate the pattern and open the doors to a bullish reversal + climb higher
- If the double bottom support level @ ~ 0.72 were to be broken this would invalidate the pattern and open the doors to a further drop lower
THIS IS NOT TRADE ADVICE NOR A TRADE CALL
- The two bottoms have formed @ ~ 0.72
- The neckline of the pattern is found @ ~ 0.724
- If this level were to be broken to the upside this would validate the pattern and open the doors to a bullish reversal + climb higher
- If the double bottom support level @ ~ 0.72 were to be broken this would invalidate the pattern and open the doors to a further drop lower
THIS IS NOT TRADE ADVICE NOR A TRADE CALL