Double bottom is a good reason to buy after break downtrend. But we will have good reason to sell after repulse from the upper boundary of the downward channel .Who will win? See this fight in the next days
Perhaps we have critical point on the downward chanell bondary in the next days. RSI, Stochastic, MACD indicate beautiful signals for bears. And we have strong divergence on 4H. I'm waiting more red candles on 4H and I'm ready for agressive sell.
This is fifth strong divergence at last six months. We can see potential move down to the nearest support level 0.382 fib ~0.995 after break flag on 30M
Potential minimal profit is 150 pips