Hi Traders!
There is a potential double bottom opportunity on the EURUSD 4H chart. The market has found support around the 1.07661 area, which is where the market had its first price rejection to the downside. After bearish momentum on Friday, the market found support again near 1.07661, and the bearish momentum seems to have exhausted, so there is an opportunity to go long near this area for a potential retest of the neckline at 1.80350.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
There is a potential double bottom opportunity on the EURUSD 4H chart. The market has found support around the 1.07661 area, which is where the market had its first price rejection to the downside. After bearish momentum on Friday, the market found support again near 1.07661, and the bearish momentum seems to have exhausted, so there is an opportunity to go long near this area for a potential retest of the neckline at 1.80350.
Please do not forget to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
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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.
JOIN OUR FREE TELEGRAM CHANNEL
t.me/bluetonaFX
t.me/bluetonaFX
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.