I discussed this setup on April 7th when I speculate that price should retest resistance and continue to fall further. It gave 166 pips trade short. At this time price is about to make double bottom at ~140.00 so it is very important what price will do next. One setup is bullish as double bottom is bullish pattern. Other is bearish and demands daily close below...
if not in the position already, the best way to enter is to trade this spinning top breakout and the same setup is in EURUSD daily TF. color of spinning top is irrelevant , candle represents indecision ( similar to doji ) so it can be traded as doji breakout. setup is to be traded on daily TF, not lower, so keep that in mind. also, have no bias when trading this,...