My bias is bullish on the 1h timeframe here even though the weekly structure remains bearish, making this a counter-trend move inside the larger downtrend that requires stronger confirmations before any long exposure.
- Price is holding the bullish 1h structure with the most recent swing low at 1.3618 intact and the regime sitting above both EMA20 and EMA200 while BTC trend also supports upside participation.
- I expect a continuation higher first toward the 1.4023 supply zone then the 1.4388 area once momentum builds.
- Entry zone sits near 1.3920 to 1.3970 after a clear bullish displacement or FVG fill with rising relative volume.
- Wait for RSI to hold above 50, a higher low formation on the 1h candles, and a close back above 1.3990 before committing.
- Take-profit levels in order are 1.4023, 1.4388, and 1.4649 with protection placed beyond the structure flip.
- The bias flips bearish on a confirmed close below 1.3618.
