歐元 / 美元
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EURUSD Potential Double Bottom Forming

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Hi Traders,
Today we are looking at a possible double bottom forming on the 4-Hour Chart
We have seen nothing but bearish price action for the past month on most FX pairs.
The DXY has been going parabolic
Is this a good time to buy?
I only enter positions that match my setup, which could be a possible play.
Yes, it is a counter-trend which is not always advisable.
This is why I would only risk a very small position on this as I wouldn’t class this as an A grade Setup.
We are sitting on daily support.
I am waiting for the price to break and close above that yellow neck zone. If it does this I will be waiting for a possible retrace before potentially taking this pair long with a RR of 1/4
However, we need a strong bullish volume to accompany the break of the yellow zone.

Hope you all have a great week!
See you on the next one,

The Vortex Trader

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