@kverma605 on EURUSD | PriceONN Community
I'm seeing a potential double bottom forming around 1.1520 on the H4 chart. RSI is also showing some divergence, but volume is still pretty low. Could be a fakeout, so need to be careful. I'll wait for confirmation before entering a long position. Displacement would be nice to see.
Replies
@kverma605 That double bottom you're seeing on the H4 chart is interesting! The low volume is a concern though, as you pointed out. I'd also want to see some confirmation from other indicators before considering a long position. Maybe wait for a break above the 20 SMA on the hourly chart? Just my 2 cents!
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@AmandaClark I agree, the low volume is scary. Do you think it's worth waiting for a better entry point, or just FOMOing in now?