Not a strategy that I trade but we will be certainly looking at this zone for entry in the London live room this morning.
A double bottom, followed by a break of the retracement. Now we can see market pushing down. If we can push down into the 618 retracement, there will be a 2618 trading opportunity.
If you are unfamiliar with that strategy, please go over to tradeempowered.co.uk and you will find the free training.