Bounce on trendline .............. Bounce on trendline . tes ffgngn
*****Reasons****** Double Bottom Break and Retest Risk to Reward: 2:1 Account Risk 1%
This is a possible mong ideas on EURUSD. A potential reversal from a double bottom with RSI divergence
The previous trade took and SL. Price has dropped to a strong weekly support with provided and excellent range-bound long trade.
A possible retest of a range which price previously escaped. This would be a nice 4:1 Risk to reward ratio if all goes well.
The is range setup with good looking 2:1 ratio. The pair has broken out of the lower range and is now range-bound again.