Price spent an extended period consolidating within the 0.25–0.27 range before breaking out and pushing to the 0.29 resistance zone. It has since pulled back and found support at the 0.25 level — a zone that held as strong demand.
📊 Current Situation:
Price is now sitting directly on top of the EMA 50 in a flat/sideways structure. The EMA 50 itself is not yet clearly sloping upward, and MACD momentum remains weak, with the histogram and signal line showing no strong conviction yet.
🎯 What I Need to See for a Long Entry:
• A clean bullish break and hold above the 0.25 zone
• EMA 50 is beginning to slope upward with the price sustained above it
• MACD line crossing above signal line with at least 2 consecutive green histogram bars (no fading greens on entry)
• Entry candle: hammer, bullish engulfing, or two consecutive green candles, no pump candles
⚠️ No trade until full confluence is confirmed. Currently on watch only.
TP: 0.2834 area (nearest resistance)
SL: Max 3 candles below entry / just below EMA 50 (5–7% range)
Leverage: ≤ 20x
Not financial advice. Trade your own plan.
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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.