📅 Date: 11/05/2025🕒 Timeframe: 4H / 1H
🔍 Market Bias:
Trend direction: Uptrend
Key structure: Higher highs and higher lows in 4h.
Fundamental/Bias if any: No major news scheduled; technical setup driven
📊 Technical Analysis:
Key Support/Resistance zones:
1.90116 - 1.90515 – Weekly Resistance turned Support
1.90265 – Minor 4h Resistance
Indicators used:
EMA50: Price is holding above both on Daily and 4H, indicating bullish momentum
MACD: Showing early signs of bullish divergence on Daily timeframe
Chart patterns / Price Action:
Retest of broken weekly resistance with rejection wick
4H market structure shift + price breaking above EMA50 – early sign of trend continuation
🟢 Entry Criteria:
Trendline Break and retest of minor resistance near 1.9016 on 1H
Candle close above 1H EMA50 and trendline break confirmation
Bullish engulfing or momentum candle off support area
⚠️ Risk Management:
Risk per trade: 1% of account
Trade invalidation if: Price closes below 1.89698 on 4H with bearish momentum
🔍 Market Bias:
Trend direction: Uptrend
Key structure: Higher highs and higher lows in 4h.
Fundamental/Bias if any: No major news scheduled; technical setup driven
📊 Technical Analysis:
Key Support/Resistance zones:
1.90116 - 1.90515 – Weekly Resistance turned Support
1.90265 – Minor 4h Resistance
Indicators used:
EMA50: Price is holding above both on Daily and 4H, indicating bullish momentum
MACD: Showing early signs of bullish divergence on Daily timeframe
Chart patterns / Price Action:
Retest of broken weekly resistance with rejection wick
4H market structure shift + price breaking above EMA50 – early sign of trend continuation
🟢 Entry Criteria:
Trendline Break and retest of minor resistance near 1.9016 on 1H
Candle close above 1H EMA50 and trendline break confirmation
Bullish engulfing or momentum candle off support area
⚠️ Risk Management:
Risk per trade: 1% of account
Trade invalidation if: Price closes below 1.89698 on 4H with bearish momentum
Note
Forming another reversal pattern in Daily time frame. Monitor closely.
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.