Daily TF: The daily candle at the close of Friday bounced off my Psychological level 1.36000, creating a double bottom. The region around 1.36000 however is prone to a fake out or a good liquidity zone.
4HR TF: Possible double bottom pattern formation at 1.36000, and bullish momentum presented by strong candle at the close of the previous 4hr.. A good entry for a long would be at the retest of 1.36000, for a target to 1.36750 as first target.
SCENARIO 2: If price breaks the structural low at 1.36000, and gives us a clean retest, we shall instead be looking to short this.
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