H4 - After the false convergence, price has now made a false break and it is trading back inside the H4 chart range again.
H1 - We have a classical reversal setup formed.
As long as the last low around 1.1260 is holding, we may look for buys towards the top of the H4 range with bullish evidences.
W1 - Price is close to the bottom of the weekly range.
D1 - Divergence is broken, price is now forming false convergence.
H4 - We have bullish divergence. Once the price reaches the zone shown in the screenshot, we can start looking for buys after we get confirmation of bullish reversal.
Note: If this zone is broken (false breaks are welcome), this setup will...
