This week we caught a great long trade with my students on AUDUSD.
For a quite long period of time, we were monitoring 0.7 weekly structure support. We were patiently waiting for the test of that structure to buy the market from there.
Once the underlined level was reached we were looking for a confirmation. Our confirmation was a double bottom formation frame and a bullish breakout of a falling wedge pattern on hourly time.
After 4 days of waiting, we closed the trade with 155 pips of profit!
Great trade!
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