First, a multi-year low hit 14-August. Second & last, a new low hit this week, barely lower than the low two months ago. This is a very strong bullish signal.
If this pair intended to continue lower, the lower low hit in the current session would be many times lower compared to August, instead we get a double bottom, technically.
A double bottom at all-time low prices basically means support confirmed, unless something goes really wrong next week (which isn't likely to be the case).
This is a great setup. ➖ Very low risk, ultra-low risk I should say; less than 3%. ➖ The potential for growth on the other hand goes beyond 800% mid-term, even more in the long-term.
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.