LONG trade analysis on AUDUSD.
Graph is looking bullish from lower support zone of Double Bottom. If price now breaks recent High and does retest, Double Bottom will be confirmed. Bullish Engulfing Candle also indicates buy on the chart. And as you can see on the chart price created Regular Bullish Divergence as well confirming long position. Trade idea is also shown on RSI indicator.
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Graph is looking bullish from lower support zone of Double Bottom. If price now breaks recent High and does retest, Double Bottom will be confirmed. Bullish Engulfing Candle also indicates buy on the chart. And as you can see on the chart price created Regular Bullish Divergence as well confirming long position. Trade idea is also shown on RSI indicator.
If you liked this idea or if you have your own opinion about it, feel free to write in the comments.