Double Bottom Trading Analysis on UNI
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A double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action.
In the Chart shown for UNIUSD, we have a great Long opportunity of a double bottom pattern where price has broken the Neckline and a great entry is on the Retest of the Neckline.
StopLoss should be inside the Double Bottom formation and take profit should be in 2 steps: 1: at 50% of the measured move and 2: at the Strong Resistance line shown by the dotted line.
In the Chart shown for UNIUSD, we have a great Long opportunity of a double bottom pattern where price has broken the Neckline and a great entry is on the Retest of the Neckline.
StopLoss should be inside the Double Bottom formation and take profit should be in 2 steps: 1: at 50% of the measured move and 2: at the Strong Resistance line shown by the dotted line.
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