Market Structure
Price is respecting the ascending channel support.
A higher low structure is forming near the marked support zone (1.1775–1.1780 area).
SMA and Supertrend show mixed momentum, but price is attempting stabilization above dynamic support.
📍 Trade Idea (Bullish Bias)
Entry: Around 1.1785 (channel mid-support retest)
Stop Loss: Below 1.1774 (under structural support)
Target: 1.1808 (previous intraday resistance / channel upper boundary)
RR: Approximately 1:2+
📈 Confirmation Signals to Watch
Bullish rejection wicks from support zone
Break above minor lower-high structure
Increasing bullish momentum volume
⚠️ Invalidation
A clean breakdown below 1.1774 would invalidate the bullish setup and may shift bias toward deeper retracement.
Overall bias remains bullish while price holds channel support.
Price is respecting the ascending channel support.
A higher low structure is forming near the marked support zone (1.1775–1.1780 area).
SMA and Supertrend show mixed momentum, but price is attempting stabilization above dynamic support.
📍 Trade Idea (Bullish Bias)
Entry: Around 1.1785 (channel mid-support retest)
Stop Loss: Below 1.1774 (under structural support)
Target: 1.1808 (previous intraday resistance / channel upper boundary)
RR: Approximately 1:2+
📈 Confirmation Signals to Watch
Bullish rejection wicks from support zone
Break above minor lower-high structure
Increasing bullish momentum volume
⚠️ Invalidation
A clean breakdown below 1.1774 would invalidate the bullish setup and may shift bias toward deeper retracement.
Overall bias remains bullish while price holds channel support.
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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.
JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde JOIN MY TELEGRAM CHANNEL LINK t.me/lmindgolde
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.