USDILS - At Clear Support Zone. Towards 3.61000?
USDILS is at a support zone that has consistently acted as a reversal point for bearish trends. The current market structure suggests that this support zone could once again provide a potential buying opportunity—provided that there is clear bullish confirmation.If buyers confirm their presence with signals like long lower wicks or bullish engulfing patterns, we could see a move toward 3.61000.
However, a break below this support would invalidate the bullish scenario and signal potential for further declines.
Key Levels to Watch:
Bullish Target: 3.61000
Stop Loss: Below the support zone
Patience is crucial—wait for clear bullish confirmation before entering long positions. What’s your view on this setup? Share your thoughts in the comments!
Trade active
Trade closed: target reached
Take Profit Reached
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.