Price has broken above a key structure level around 1.1155–1.1160, forming a higher high in line with the prevailing 4H uptrend. I’m watching for a clean retest of this zone with a rejection confirmation (preferably wick rejection or bullish engulfing) to take a long position.
Confluences:
• EMA 20/50 bullish alignment
• Break & retest of previous resistance turned support
• Bullish market structure (HHs, HLs)
Target: 1.13100
Invalidation: Break and close below the retest zone
Waiting for price to come to me — no early entries.
Confluences:
• EMA 20/50 bullish alignment
• Break & retest of previous resistance turned support
• Bullish market structure (HHs, HLs)
Target: 1.13100
Invalidation: Break and close below the retest zone
Waiting for price to come to me — no early entries.
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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.