we have double bottom which have liquidity under it , and now we are at a supply area it can use to buy gbpusd , eurusd , ....
if you use it on spot , you dont need to worry about that stoploss , because the target I showed you is where price must go even if she willing to fall into the hell after
most of them are at panic sell , you buy that good luck :)
I tried to say my words in the chart , but you can see the blue box is where we break into that compression which was the last seller's push down.now price is react and confirmed our blue box , target is where price can grab some liquidity.. I dont care if you take profit or lose money , so manage your money and use spot trading only good luck :)
All things are clear in chart , but , you see price broke into the compression zone and I expect price reach the beginning of that compression as I marked in chart( trend line that you see in chart ) , also the last high that makes price the last low it breaks and engulfed , now we are in retracement of that object , and you see rsi bla bla bla as always I told...
use spot trading only ! the orange box was made to hold price down , then price engulfed it and consumed that area . it makes price to breath and need lower price to take huge buy orders and trap freakout sellers now , today , price makes a deep retrace to freak out sellers again , so its time for us to buy strongly good luck , make some tea and enjoy it
spot trading only !! if you use this idea and earn some money , promise me you will buy a pizza for a poor guy out there somewhere :)
my suggestions not to buy with leverage I think its safe for gain some 40% profit , without any headache enjoy your coffee , or tea !