Double Bottom at USD\CHF | 30-minute chart

Great looking Double Bottom at the USD\CHF, 30-minutes chart. Also coincides with very strong support from the 4H timeframe - hitting support of an ascending channel. Its slope also empowers the trade and enforces long positions.

Entry will be made after a bullish candlestick formation will close at the 30-minutes chart. Note that because this trade is in Long direction we wait for extra confirmation - wait for candlestick formation to close, even if it is an engulfing pattern.

We will also wait for extra confirmation because the Bollinger Moving Average is still trending, meaning that price hasn't reversed its trend yet. Best reversal entries are when Bollinger's Moving Average is flat.

Neckline is right at 1.09, Target is at 1.1000 exactly. Measure the Double Bottom's size and add to the neckline price.