Why is this so:
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It has double bottom with bullish divergence.
Price penetrated the double bottom neckline and go higher before pulling back.
The pullback tested the support/neckline and created a bullish key reversal.
Already LONG at 1.5885.
Price will probably move higher at least towards resistance at 1.6335.
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Trade closed: stop reached
Stand aside.
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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.