The bigger picture on EURUSD shows us that the possibility is there that we have reached the bottom.
The horizontal line as drawn has been a support multiple times.
This time the RSI is even lower than the previous times, except the time it broke the support.
The difference between now and the time it broke the support is that we already have a bullish daily candle at the moment.
For a Risk Reward this can be a very good trading opportunity.
Thanks for feedback, and a like would be appreciated!
The horizontal line as drawn has been a support multiple times.
This time the RSI is even lower than the previous times, except the time it broke the support.
The difference between now and the time it broke the support is that we already have a bullish daily candle at the moment.
For a Risk Reward this can be a very good trading opportunity.
Thanks for feedback, and a like would be appreciated!