$BEL looks as if bears can get trapped.
The 1H structure is already bullish, but the higher timeframes are still bearish.
That’s why I’m waiting for a pullback, not buying the current price.
Zone 0.1046–0.1035 is the main place to watch.
A liquidity sweep + a bullish engulfing or MSS on 5–15m could become the trigger for a move higher.
First target — 0.1106.
If the momentum holds — 0.1125.
But right before that, there is resistance at 0.1106–0.1112.
And everything falls apart with an 1H close below 0.1004.
As long as the level holds, $BEL may keep surprising.
#BEL #Trading
The 1H structure is already bullish, but the higher timeframes are still bearish.
That’s why I’m waiting for a pullback, not buying the current price.
Zone 0.1046–0.1035 is the main place to watch.
A liquidity sweep + a bullish engulfing or MSS on 5–15m could become the trigger for a move higher.
First target — 0.1106.
If the momentum holds — 0.1125.
But right before that, there is resistance at 0.1106–0.1112.
And everything falls apart with an 1H close below 0.1004.
As long as the level holds, $BEL may keep surprising.
#BEL #Trading