Day: January 24, 2016

AUD/USD Finalizes Double Bottom on H4

The four-hour chart of the AUD/USD currency pair shows a consolidation of the price that resembles a classic double bottom pattern. The bearish wave preceding the formation lasted since December 31 through January 15. The pattern itself is just two weeks old and is rather rough — the bottoms are not that evident as there are many small spikes. Still, I will trade a bullish breakout from its borders as the potential reward […]