AUDUSD double bottom and bullish wedge Part 2

15 May 2019

So it dropped and looks like a small false breakout. Usually no way of telling upfront where it might end. But on the right we can see a possible smaller wedge, which would be an ideal false breakout low. So i am going to try a little bit here. If we cross red the level on the right, i will increase it, but only if we see a strong bounce up, confirming the false breakout.


Previous analysis: