@oliverroberts59 on EURUSD | PriceONN Community

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oliverroberts59 PRO newbie
EURUSD Mar 6
EURUSD showing some resilience around the 1.16 level. A potential double bottom forming on the daily chart. However, need to see confirmation with a break above the neckline before considering any long positions. Trade cautiously, as volatility is expected to remain elevated.
EURUSD

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oliverroberts59 PRO newbie Mar 6
Update: The double bottom formation is still developing. However, the RSI is approaching overbought territory on the H4 chart. This suggests that the upside potential may be limited in the short term. I'll be monitoring the price action closely for any signs of bearish divergence. A break below 1.1580 would invalidate the double bottom pattern. I've adjusted my stop loss to protect profits if the market reverses. Remember risk management is key especially with current volatility.
EURUSD 1.16098 -0.18%
GBPUSD 1.34311 -0.24%
USDJPY 159.88150 +0.00%
XAUUSD 4,478.01 -0.22%
XAGUSD 73.63 -1.96%
BTCUSD 63,903 -5.45%
SP500 6,572.87 +0.74%
BRENT 99.97 +1.10%
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