$ACE $ACE 1D | Technical Outlook
- The price is in a bearish trend, but with so many bullish indicator signals, I’m watching closely for a possible short-term bounce or reversal from around the 0.0707–0.0650 region. If the price manipulates below 0.0707 and quickly reclaims it with a bullish candle or momentum on lower timeframes, I would expect a move up to 0.0797 and 0.0886, possibly 0.1081 if buyers step in. For this long, entry would be on confirmation after the sweep, with take profits at 0.0797, 0.0886, and 0.1081. Stop-loss should be below the new swing low set by the liquidity sweep.
- If the price fails to break above 0.0797 or 0.0886 and prints a strong rejection candle, the downtrend could continue, aiming for 0.0707 or even 0.0650.
- My bias will shift bullish only if price closes above 0.0886 and holds, especially with strong momentum or a structure change visible on the daily timeframe.
- Wait for clear confirmation such as a pin bar, engulfing, or reversal structure before entering. Always look for liquidity grabs or signs of exhaustion before acting.
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