This short-term double bottom chart pattern has formed on the H4 chart of EUR/USD following a clear downtrend. I will use this formation as a potential bullish entry. The two bottoms are marked on the chart. The neckline is marked with the upper yellow line. My potential entry level is at the cyan line. My potential take-profit level is at the green line. A stop-loss (not shown on the chart) will be set to the low of the breakout candle or to the low of the preceding candle should the breakout one appear mostly outside the pattern's borders. I will ignore short signals here.
Order cancelled:
Trade setup cancelled due to invalidation of the pattern.
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