Hello Fellow traders I have come to present this nice setup in this currency pair. EURUSD
was seen going down till it got to the over sold level of the RSI
and retraced then came back and broke the support level
in the daily chart
, but in the RSI
chart the first test was deeper than the second test that broke that first test that created the support.
There that lead to forming of RSI
DIVERGENCE in the Daily TF and there by will be pulling the pair back to the OB in 4H. Also double-bottom was formed in the daily time frame.i will be Buying this pair when markets opens next.
This is just educational You can drop your own idea in the comment box, I will be glad to hear from your own perspective.