🚀 Trade Setup (ARB/USD)
Buy Entry: 0.113 – 0.115
Stop Loss: 0.105
Take Profit 1: 0.133
Take Profit 2: 0.150
Take Profit 3: 0.180
ARB is currently showing early signs of recovery after a prolonged downtrend, forming a short-term ascending channel on the daily timeframe. Price is attempting to reclaim the EMA50, which acts as a dynamic resistance. A successful breakout and daily close above this level could trigger a stronger bullish continuation toward the EMA100 zone.
The RSI (14) is pushing above 65, indicating increasing bullish momentum, but also approaching overbought territory—suggesting possible short-term pullbacks before continuation. Volume structure appears to be gradually improving, supporting the current upward move.
However, the broader trend remains bearish as price is still below the EMA200, meaning this is a counter-trend trade with higher risk. A rejection near 0.133 could lead to another leg down.
Overall, this setup favors a cautious buy with tight risk management, targeting short-to-mid term upside within a recovery phase.
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