The Daily trends are Bullish, establishing a clear high-timeframe momentum shift. Price has decisively reclaimed key EMAs (EMA7, EMA25) and is holding above them, indicating that these moving averages are now acting as dynamic support. The Daily RSI is firmly above 50, confirming that bullish momentum is in control. This higher-timeframe strength sets the stage for a continuation play.
The trigger for this entry is observed on the lower timeframes. On the 1H chart, the recent price consolidation represents a healthy pullback. This dip allowed the 1H RSI to reset towards the midline. The critical signal is the 1H RSI now crossing back above 50, which indicates that the short-term selling pressure has been absorbed and buyers are stepping back in to resume the uptrend. This entry is a high-probability setup because it aligns the lower-timeframe momentum trigger (RSI crossing 50) with the dominant Daily bullish trend, anticipating the next leg up towards previous highs. The price is also finding support on the short-term EMAs, providing strong confluence for a long position.
Actionable Setup Now (LONG)
Entry: market at 1.4163
TP1: 1.8000
TP2: 2.4000
TP3: 2.8500
SL: 1.1500
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