There is a double bottom pattern on this cross and divergence is showing lower highs on the oscillating indicators.
These are good signs of a reversal.
Chart below:
Price has broken up through the pivot points and the averages, price has also made an immediate higher high.
I am looking for a long position as detailed below.
Levels and Chart below:
1st Entry: 0.9140
2nd Entry: 0.9120
Averaged entry: 0.9130
Stop loss: 0.9090
Target 0.9330.
I will update again should the position be opened.
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