The Daily/4H trends are Bullish, providing a strong backdrop for lower timeframe entries. The current structure on the 15-minute chart is confirming this upside bias and presents a high-probability continuation setup.
The price is holding constructively above all key Exponential Moving Averages (EMA 7, 25, and 99), which are stacked in a bullish formation. A recent pullback successfully tested the EMA(99) as dynamic support around the 1.9240 level before bouncing aggressively. This retest validates the strength of the current uptrend. The trigger for this entry is the 15m RSI, which, after dipping towards the 50-midpoint during the pullback, has decisively crossed back above 50. This indicates that buying momentum is reasserting control and the corrective phase is over. Entering now aligns with the established trend after a confirmed support hold and a fresh momentum signal.
Actionable Setup Now (LONG)
Entry: market at 1.9344
TP1: 1.9488
TP2: 1.9620
TP3: 1.9750
SL: 1.9195
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