After a strong breakdown, price has started forming a potential reversal structure on the 1H timeframe.
Currently, HFT is respecting the ascending trendline support and showing early signs of strength.
A clean breakout above the local resistance could confirm bullish continuation toward the marked supply zone.
**Setup Details:**
* **Entry:** Around trendline support (~0.051)
* **Target:** 0.07370
* **Stop-loss:** 0.04350
* **Risk/Reward Ratio:** 1:3+
* **Bias:** Bullish as long as price stays above the trendline
**Notes:**
Wait for confirmation candle before entry. If price breaks below the trendline, setup becomes invalid.
Perfect setup for swing traders looking for a short-term bullish move.
Currently, HFT is respecting the ascending trendline support and showing early signs of strength.
A clean breakout above the local resistance could confirm bullish continuation toward the marked supply zone.
**Setup Details:**
* **Entry:** Around trendline support (~0.051)
* **Target:** 0.07370
* **Stop-loss:** 0.04350
* **Risk/Reward Ratio:** 1:3+
* **Bias:** Bullish as long as price stays above the trendline
**Notes:**
Wait for confirmation candle before entry. If price breaks below the trendline, setup becomes invalid.
Perfect setup for swing traders looking for a short-term bullish move.
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.