Hey guys, just wanted to let you know what i'm looking for in the next hours. On EURAUD price is testing a key support level on the daily (in oversold condition) and therefore i can expect market to react at this level. As i go down on 1hr chart i can see there's a double bottom setting up with RSI divergence and this also increase my confidence in this trade. I want to see the next two candles green and then i can short this. Stops below the lows, target1 at retest, target2 to be determined!
If you want to ask questions or share ideas, feel free to comment below. Otherwise, see you in the next chart!
Isn't double bottom an indication to long the pair?
Cheers.