Yeap. It looks like a double bottom. But second leg of the double bottom didn't seem quite strong to me. However there is a better reversal area that is marked black box. I think with high uncertainty levels I will rather like to wait how it will play out on the given range and look for a long position for a counter trend action.
Happy trading people...
Happy trading people...
Comment:
Just a little correction. I have posted as short but the actual trade is long setup. Right now we are waiting for a clear price action to take the trade as long for the given price. It is NFP day , start of a new month and end of the week so not planning to risk too much but following the plan as it is given.