Hi Traders,
On Tuesday, I spoke about a possible Double Bottom forming on the 4 Hour time frame.
We were looking for strong bullish volume and a strong impulse candle to spike up and close above the yellow zone.
We have seen this play out.
The DXY began to retrace, which helped the euro gain some steam.
Now, we wait for a retrace deep into the yellow zone.
Beware of stop hunts,
Smart money knows that retailers use these patterns all the time.
My RR is still 1/4
See you on the next one,
The Vortex Trader
On Tuesday, I spoke about a possible Double Bottom forming on the 4 Hour time frame.
We were looking for strong bullish volume and a strong impulse candle to spike up and close above the yellow zone.
We have seen this play out.
The DXY began to retrace, which helped the euro gain some steam.
Now, we wait for a retrace deep into the yellow zone.
Beware of stop hunts,
Smart money knows that retailers use these patterns all the time.
My RR is still 1/4
See you on the next one,
The Vortex Trader
