AUD/USD - Double Three Formation - Bullish Breach
Updated
Minuette Wave (iv) unfolded as a Complex Double Three Formation and a Bullish Breach of the Contracting Triangle was confirmed.
AUD/USD is Bullish at this point and heading towards Minuette Wave (v).
As the Breach occurred, a good strategy for a BUY Position would be to follow a Bullish Flag Formation (see drawings) and treat the Trendline as Support.
Entry - 0.76600
SL - 0.76300
Tp - 0.77200 or 0.77800
AUD/USD is Bullish at this point and heading towards Minuette Wave (v).
As the Breach occurred, a good strategy for a BUY Position would be to follow a Bullish Flag Formation (see drawings) and treat the Trendline as Support.
Entry - 0.76600
SL - 0.76300
Tp - 0.77200 or 0.77800
Trade closed: target reached
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