100 Pips Double Bottom - USD\JPY

ChartSecret

Master Trader
Jun 26, 2009
91
1
62
www.chartsecret.com
A double bottom pattern has been formed at the USD\JPY pair - pattern is 100 pips in size and looks very precise. This is a reliable pattern in which price stops twice at the same support level - which eventually leads to a beginning of a bullish movement.

Trading:
Enter long at the breakout, or at the pullback to the neckline. Target is 100 pips from the breakout location.

Source:
http://www.chartsecret.com/content/100-pips-double-bottom-usdjpy
 

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