Trend Check:
Recovered from multiple bearish MSBs with a recent bullish flip. Back at resistance near $1.55–$1.60.
Indicators:
RSI: 50.0 (neutral)
MACD: Bullish crossover with increasing momentum
Structure:
Clean higher low formed, attempting to break past previous supply. Eyes on reclaim of $1.55 zone.
Position: Long bias
Entry Idea: Long above $1.56
Stop: Below $1.52
Targets: $1.62 → $1.70
Reasoning:
Structure improving with positive indicators. Breakout could accelerate momentum.
Recovered from multiple bearish MSBs with a recent bullish flip. Back at resistance near $1.55–$1.60.
Indicators:
RSI: 50.0 (neutral)
MACD: Bullish crossover with increasing momentum
Structure:
Clean higher low formed, attempting to break past previous supply. Eyes on reclaim of $1.55 zone.
Position: Long bias
Entry Idea: Long above $1.56
Stop: Below $1.52
Targets: $1.62 → $1.70
Reasoning:
Structure improving with positive indicators. Breakout could accelerate momentum.
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.