TheSnowballEffect

Trendline break long setup

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FX:EURAUD   歐元/澳元
We can see from the higher timeframe that price has been bouncing on support and is now ready for a new leg upwards.
Price formed a double bottom with the second bottom being lower, and the RSI being higher, so this gives us RSI divergence.
Furthermore, the second bottom has formed a Head & Shoulders on the lower timeframe, thus creating a spring + breaking the downwards trendline (in blue).

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