Double Bottom Pattern On The 4 Hours Frame
I see a double bottom pattern on the 4 hours frame and the price is respecting the neck line so far.
On the 1 hour frame however, we have (0.92496) as a support that is holding the price bellow the neck line.
If the price breaks the neck line with a daily candle then it will go up after retesting the neck line and ranging around it for a while.
If the price breaks the support (0.92496) on the 1 hour frame then it will drop down supported by the general downtrend on the daily frame
DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
On the 1 hour frame however, we have (0.92496) as a support that is holding the price bellow the neck line.
If the price breaks the neck line with a daily candle then it will go up after retesting the neck line and ranging around it for a while.
If the price breaks the support (0.92496) on the 1 hour frame then it will drop down supported by the general downtrend on the daily frame
DO NOT ENTER THE TRADE WITHOUT PROPER RISK MANAGEMENT YOU ARE RESPONSIBLE FOR YOUR TRADES
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