This Double Bottom is close to the fib retracement of 61.8 of the most recent impulse leg. Plus, there is some divergence in the RSI that tells me that momentum may be shifting to the upside.
Note
First target reached. Half of the position is now closed. Stop loss has been moved to stop profit several pips above entry. If this price reaches second target or stops out, the trade ends in success.Note
Second target reached. This trade is a complete success.
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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.