The other day I posted a 12 hour chart showing the clear divergence between the price and the RSI.
While this remains true when I zoomed out to the daily chart looking for ideal entry - I noticed a larger structure.
This will allow for a double bottom - I suspect that we will spend a few days on the lower trendline testing it.
If it holds at around 1.16800 - I will be taking a long from there.
Right now buyers are lining up at 1.17800 there is 'line in the sand', looking this chart they will get stopped out.
Perhaps this will end up looking like a Gartley or Cypher - but for simplicity I've drawn a couple of triangles.