Live Trading Example 17 - Bearish Trend & Double Bottom Pattern
Channel: ForexBoat
Date: 12/04/2017

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In this video Damyan trades a classical reversal of a bearish trend. After the price is trending downward, the bearish trend line gets broken in bullish direction. At the same time, the price forms a Double Bottom Pattern. The figure is confirmed by the breakout in the Neck Line of the pattern. Damyan buys on the assumption that the price will increase and hits the full potential of the Double Bottom.