Hi traders, this setup is similar to the USDJPY's one. We are testing a resistance level (blue line) and we created a double bottom with rsi divergence and then we broke that to the upside, giving us reason to believe in a change of trend. So we wait for a .618 retracement of the impulse leg that broke the double bottom and then we buy the market. First target at the retest, with roughly a 1:1 RR, and second target for a bigger move to the upside.
If you have any comment, please do underneath. Otherwise, see you in the next chart!