I am currently in a LONG position for AUDUSD and believe it is going to be a double bottom trade. It is on a support level and with the stop loss just below that, its worth taking for a very good reward potential. In addition, with the wick filled in and the 4H ending in an indecision after such a long sell off, It is time for the bulls to buy in.
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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.