Expecting some bullish pressure of the EURO.
Price made a bearish fall but ultimately respected the monthly trend line.
Price then formed a double bottom (which is a bullish candlestick pattern)
There was also bullish divergence confirming that price was ready to make a push to the upside.
I am looking to enter a long positon, once price make a retracement and test the neckline of the double bottom, which also will fall between the 50.0 and 61.8 Fibonacci level.
Price made a bearish fall but ultimately respected the monthly trend line.
Price then formed a double bottom (which is a bullish candlestick pattern)
There was also bullish divergence confirming that price was ready to make a push to the upside.
I am looking to enter a long positon, once price make a retracement and test the neckline of the double bottom, which also will fall between the 50.0 and 61.8 Fibonacci level.