Here I have EUR/GBP on the 1 Hr Chart!
Price had made two very equal lows on the chart but closer look on the RSI indicator and you can see Price really is losing is Bearish influence and is looking to possibly go Bullish!!
This strong reversal pattern called a Double Bottom makes me believe we could see Price push Higher after it broke out CONFIRMATION of Pattern @ .85424 and has come back to test and is already showing signs of finding possible Support @ Confirmation!
INVALIDATION of Pattern @ .85289
First Target Range is .85535 - .85593
Second Target Range is .85687 - .85745
Price had made two very equal lows on the chart but closer look on the RSI indicator and you can see Price really is losing is Bearish influence and is looking to possibly go Bullish!!
This strong reversal pattern called a Double Bottom makes me believe we could see Price push Higher after it broke out CONFIRMATION of Pattern @ .85424 and has come back to test and is already showing signs of finding possible Support @ Confirmation!
INVALIDATION of Pattern @ .85289
First Target Range is .85535 - .85593
Second Target Range is .85687 - .85745
Trade active:
Buy Entry @ .8544
SL @ .8524
SL @ .8524
