The double bottom pattern on the 4-hour chart of USD/CHF can be used for a bullish breakout trade. The bottoms and the "neckline" are marked with the yellow lines. My potential entry is located at the cyan line. My potential take-profit level is at the green line. I will use the low of the breakout candle as my stop-loss level (not shown on the chart).
Ordine annullato:
Trade setup cancelled due the pattern invalidating.
You can find useful tools to detect, build, and trade chart patterns - all completely free on www.earnforex.com.