After a huge impulse to the down side, price stalled at the previous support and resistance level at 0.8690. on the daily tf bullish structure are very clear where as of today's trading price it create the HL which align with the recent S&R, in reference you might see a double bottom pattern on 4 hr tf. wait for a break out if the S&R zone on the highlighted area before placing the long trade. _________________________________________________________________________________________________________________________________________
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. _________________________________________________________________________________________________________________________________________
Assuming this trade is dead, given it does come back to the previous higher high would we be looking for a possible bearish double top if it didn't break through at 0.8800? Still working on trend/chart patterns.