$ARIA 8h Market Read
- After this large shakeout and sweep into the lower end of the recent swing range, I expect a potential upside reversal if we see bullish confirmation. Price could first move towards the 0.2330 level as the initial target, and if that is broken, further up towards 0.3242 and 0.3548.
- However, if the price loses the 0.0968–0.0901 support zone and closes below 0.0593, the structure would turn extremely bearish and a new downward leg could start.
- For a long setup: Wait for a bullish pin bar, engulfing, or bullish momentum candle on the 8h or lower timeframe around current levels or after a retest of 0.0968–0.1400.
- Place your stop-loss at a swing low below the confirmation candle or just below 0.0901 to manage risk.
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