Double bottom = Arcing formation

OANDA:EURUSD   Euro / U.S. Dollar
Price makes a double bottom after ECB announce Interesst Rate creating an arcing formation at the third touch of descendling trendline
Now we can see that the minor support and resistance breaks up by pulling back.
We can open a long position now
If price breaks down again then we need to wait for corrections to anticipate next impulse wave


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