After closely tracking this pair for several months and strategically entering a long position above the Entry Level (EL) of 0.65435, I’m excited to share the latest insights on its trajectory.
The chart available at this link distinctly illustrates a Double Bottom pattern. This pattern’s origin can be pinpointed to the peak on May 22. Notably, this formation emerged after the pair weathered a year-long downtrend. From that pivotal moment in May, the weekly chart of the pair has clearly defined a double bottom.