GBPEUR double bottom with strong bullish divergence
Updated
We have what looks like a double bottom here. I entered this trade at 1.2762 but forgot to share, but there is still room to enter.
RSI shows bullish divergence below the oversold point, which is a strong signal. My initial profit target is based on structure.
RSI shows bullish divergence below the oversold point, which is a strong signal. My initial profit target is based on structure.
Trade closed: target reached
Nice trade.
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.