Reversal with good reward to risk ratio. What do you think?
Price is oversold on D1 chart and RSI is giving buy signal.
FIB ratios 88.6XA and 161.8BC are almost coinciding with some structural support.
Good fib confluence at D. 88.6XA and 161.8BC are converging in the same area.
Sell near 0.8480, Good fib confluence and prior resistance near D.
GER30 has taken support and rising. It can find minor resistance at 9427.
Entry buy signal is confirmed by the stoch indicator.
Double bottom formation on previous support and RSI being over sold.