The 4H trendline held again yesterday, and today’s daily candle continues to form within a bullish flag, giving added confluence to our overall bullish bias.
I no longer expect a deeper pullback to 1.16299 — price action suggests momentum is building.
Here’s the game plan:
🔹 For Scalpers:
Break of current high → 1.17500 (~20 pips)
Break of 1.17500 → 1.17657 (Tuesday high, ~16 pips)
Break of 1.17657 → 1.17815 (~15 pips)
Break of 1.17815 → 1.18093 (~42 pips)
🔸 For Swing Traders:
→ Main setup = break of 1.18093 for clean move into 1.18791 (~70 pips)
🔻 Bearish Only If:
→ Break of 1.16824 = potential retest of trendline
📌 Structure + HTF bias still say bullish.
Choose the setup that fits your style and manage risk accordingly.
I no longer expect a deeper pullback to 1.16299 — price action suggests momentum is building.
Here’s the game plan:
🔹 For Scalpers:
Break of current high → 1.17500 (~20 pips)
Break of 1.17500 → 1.17657 (Tuesday high, ~16 pips)
Break of 1.17657 → 1.17815 (~15 pips)
Break of 1.17815 → 1.18093 (~42 pips)
🔸 For Swing Traders:
→ Main setup = break of 1.18093 for clean move into 1.18791 (~70 pips)
🔻 Bearish Only If:
→ Break of 1.16824 = potential retest of trendline
📌 Structure + HTF bias still say bullish.
Choose the setup that fits your style and manage risk accordingly.
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.