Hello Traders, As you can see on the daily chart we could see a potential double bottom. However before a double bottom occurs we could see a pullback in price action before reaching a double bottom I believe this would not be an advisable trade to take as of now or next week, however I will be looking closely at the pair to check where price action is going.
* Supposedly the double bottom does occur, Personally I will be taking this trade with a risk:reward ratio of 2.5
* Supposedly the double bottom does occur, Personally I will be taking this trade with a risk:reward ratio of 2.5
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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.