Chart Patterns & Algorithmic Trader (Jan. 28, '20) (99)
@AD V-Bottom Pattern
s
Australian Dollar Continuous Contract [Sep20] (@AD) has formed a V-Bottom pattern on
its daily chart and trading above the breakout level of $0.8043. 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 $0.6276. Targets are placed at $0.799 to $0.825 and
$0.899 to $0.953.
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