Bullish divergence at the bottom of a falling channel combined with price not closing below previous low creating a pseudo double bottom adds confluence for a long trade.
Price has wicked off the higher low and bottom of channel. Probability favours retesting price high and possibly channel high eventually.
Price appears to have broken out of the triangle. Expecting a retracement on the 1 hour to find resistance and continue down. Targeting 50% daily fib.
Previous long proved wrong, daily trend line has broken and price is finding resistance on the 1 hour chart. Expecting a retracement on the 1hr into resistance to then move further down.
Price has bounced off weekly support and is making higher highs and higher lows on the daily, I expect it to continue as 1h down trends are breaking. Take profit just below the high of daily close. Stop loss below 1H structure.