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veenamaheshwari101

Identified a W pattern forming on AUDUSD, anticipating a short

Short
Australian Dollar / U.S. Dollar (OANDA:AUDUSD)  
veenamaheshwari101  
OANDA:AUDUSD   Australian Dollar / U.S. Dollar
Chart Patterns Trend Analysis
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chartpattern trendanalysis
We have the first wave of the W-bottom pattern right here. You can see that this is the actual move to the down side from this high. Then we have the second wave of the W-bottom pattern right here. And then we have the breakout when we break with this neckline. Now like we said before, this is not a countertrend trading strategy.
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