Context & Structure
• Price respecting the 12H trendline support in a clear ascending channel
• Overlapping 4H order block + fair-value gaps around $1.06–$1.10 form a strong buy zone
• Expect a quick stop-hunt “wick” down before the next uphill leg
Key Levels & Plan
– Buy Zone: $1.06–$1.10 (cluster of demand & FVG)
– Stop-Loss: below $0.98 (outside channel support)
– Take-Profit: $1.6094 (channel top / next supply)
Triggers
Fast wick into $1.06–$1.10 followed by a reversal candle
Bounce off the 12H trendline with volume spike
Higher-timeframe confirmation (4H/12H) of support hold
Conclusion
This is a classic channel-reload: buy the dip into the demand cluster, trail a tight stop under the channel, and target the upper boundary near $1.61. Discipline and patience are your edges here. 🚀
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.