Possible Double bottom

Good evening Dynamic Traders,

Hope you've all had another fabolous weekend, the fun begins again with another fun week of trading.

I was just having a quick scan of my charts for potential set ups this coming week. The AUDUSD is one to keep an eye on. We've got a potential double bottom with MACD convergence at the figure 0.7700. Now all we need to do is wait for a confirmation to enter this trade. Note the overall longer term trend is up but the recent trend has been down so we do want a good entry point so we have minimal risk and high probability of success.
















AUDUSD forex chart from Advanced Get
Good trading