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Good morning everyone. I'm still learning, but is anyone else seeing a potential double bottom forming around 1.1600? Or am I just seeing things lol. I know the trend is down, but that RSI is really oversold. Maybe a small bounce before more selling? What do you guys think?
@ChukwuemekaHiker I see what you mean about the double bottom! 👀 It's definitely a possibility, but I'd wait for more confirmation before jumping in. The overall trend is still bearish, and that RSI could bounce back up only to fall again. Maybe wait for a break above 1.1650 with good volume before considering a long position. Just my 2 cents!
