Good afternoon traders!! I hope you have had a great day so far!
Here we have the market testing structure looking left as well as the bottom of a daily channel. It is also over extended at the 1.618 inversion and recently oversold on the RSI. I was waiting for a clear rejection of that level and we just got it. I went long on a double bottom on the 1H timeframe. I am showing you this chart because the opportunity can be seen more clearly on this one.
Please feel free to comment, as, and even criticize!
Best of luck on the markets!!