My main tool here is the to band on D1 chart. We have also the 0.8860 fib retracement neart the zone:
This tecnique works in confluence with a divergence and S/R on lower TF, in this case H4 chart.
- Round level 2.3000 as support
- Strong divergence on AO (or )
- False breakout
This is a counter-trend trade so be careful and always do your own analysis and plan.