so EU has been moving in a descending type of channel on a high timeframe and is showing another descending type of channel on the lower timeframe creating a double bottom. now EU has broken out of the descending channel impulsively.
now waiting for EU to create a correction and present a entry opportunity.
Not
EURUSD has retraced. waiting for a reaction to ride the trade upwards price has broken the last lower high of the downtrend and might be creating a higher low at the moment thus structure was broken and we might be in the early stages of an uptrend
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