Price has been rejected this week at the zone at 1.07921 and has now formed a double bottom which will potentially lead to a trend reversal. There was a lot of trapped liquidity at the lows and we should see a lot of it play out over the period of this trade as there will be a greater momentum on the pair. Good R:R, trade with proper risk management.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.