EURUSD - Failed Range Breakdown & Double Bottom ReversalEuro/US DollarOANDA:EURUSDMr3PercentMarket Context: Following a prolonged markdown phase, EURUSD entered a long-term consolidation range. The price recently attempted a sharp breakdown below this major range floor; however, the move quickly lost momentum. Instead of extending the downtrend, the price is now forming a clear Double Bottom pattern right at the breakdown zone, signaling a potential fakeout and trend reversal. Technical Analysis: Failed Breakdown Logic: The severe expansion below the long-term range failed to hold, indicating institutional stop-hunting and a liquidity grab rather than a sustainable trend expansion. Momentum Verification: The emerging Double Bottom is fully backed by a prominent Bullish RSI Divergence. This confirms a severe exhaustion of selling pressure and a rapid influx of buyers at these historical lows. Confirmation: A decisive break above the immediate local neckline will validate this reversal structure and confirm the failed breakdown setup. Trade Plan: Entry Point: Long entry placed a few pips above the confirmed Double Bottom neckline breakout. Stop Loss (SL): Placed strictly below the lowest point of the Double Bottom pattern to ensure structural invalidation protection. Target (TP): Aiming for a 1:1 Risk/Reward ratio based on the initial reversal structure. Risk Management: Total exposure is strictly controlled at 0.75% risk of account equity. Disclaimer: This analysis is for educational purposes only. Always wait for a confirmed candle close above the neckline breakout level to ensure momentum validity.