Look at a buy entry on a possible double Bottom on the 1 hour chart
We are currently in a strong level on weekly but we see that the sellers doesn't come in. So we wait for the buyers to come in on the breakout
The price bounce two times on the 200EMA so look now for maybe the third one?
Look for a break on the upside or downside
We see that the buyers always push to these lows so we expect a pullback on the trendline
We have the 1.9000 level wich is a huge institutionnal level on the monthly and we are in a ascending channel wich prove that the buyers didn't manage to broke to the high for a big move and sellers are still there
On a daily timeframe we see that the price action is really strong to the upside and the market hit 1.3000 wich is a big level zone.So we Don't want to short right now with everybody we going to wait for a possible stop hunt and short in the reintegration of the level 1.3000
Look for the continuation of the double bottom
We can see that the divergence in the rsi is validated. We can expect a move to the upside