Chart Patterns & Algorithmic Trader (Jan. 28, '20) (111)
AUDUSD V-Bottom Pattern
s
Aust Dollar / US Dollar (AUDUSD) has formed a V-Bottom pattern on its
daily chart and trading above the breakout level of $0.80320. V-Bottom
patterns are traded when price closes above the breakout level. A stop is
placed below the mid level of the V-Bottom pattern at $0.62712. Targets
are placed at $0.7972 to $0.8228 and $0.8965 to $0.9497.
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