FreshForex Broker

Triple bottom double range target

by Fritz at brainyforex
(Busselton WA)

15 minute usd/jpy

15 minute usd/jpy

We wait for a triple (or double) bottom (1), along with a bullish candle (2) to enter a long position.

Point (3) on chart shows natural square support level. (This is added bullishness).

The stop is placed under the triple bottom.

Target (4) is double the range that has occurred forming the triple bottom.

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