AUDUSD Daily Long Opportunities

This week I'm looking at two advanced patterns. The first being the double bottom formation. After being rejected by support at 0.74900 again, the pair started to rally the last two days of the week. If it continues this momentum and breaks resistance at 0.76118, that would signal a completion of the double bottom and I will look to go long into the area of 0.77300 which is the top of the long-term wedge AU is currently in. On the other side, if AU loses its momentum and can break support at 0.74900, I'll be watching for a completion of an ABCD pattern at 0.7400 area. and again, try to take this long back up to the would-be resistance and .382 Fib at 0.74900. An extended target would be the .618 at .75300.