Analyzing the market reveals a robust support at 1.08800, complemented by a well-defined trendline and a promising bullish chart pattern when observing higher timeframes. To execute our strategy, confirmation is key. Look for these signals before entering:
Signals to Buy:
Signals to Buy:
- Retest of OrderBlock: Ensure a solid retest for confirmation.
- Rejection of Trendline: A clear rejection at the trendline strengthens our position.
- Rejection of VWAP: Watch for a convincing bounce off the VWAP.
- High Volume Bearish Candle: Confirm with the presence of a high-volume bearish candle.