JoeHayes

EURUSD Double Bottom Divergence to Monthly Pivot

Long
FX:EURUSD   Euro / U.S. Dollar
EURUSD has put in a double bottom on the daily and is showing clear divergence on the RSI. The missed Monthly pivot level makes for the added directional bias to the long side and a sensible price target. Price confirmation off the double bottom gives an earlier entry than waiting for a w pattern and with much a better R:R assuming stops are below the lows.
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