$M $M 8h Read: - With current momentum and bullish signals from multiple indicators, I expect the price to attempt a move upward in the short term, possibly targeting the 1.8422 resistance area first.
- If there’s a clear break and hold above 1.8422 with strong volume, I expect price to push further toward 2.1029 and possibly the higher resistance cluster around 3.000.
- If price fails to break above 1.8422 and shows signs of reversal (like a bearish engulfing), the move could reverse quickly, targeting 1.2699 and then 1.0740.
- My bias will change to bearish if price is rejected strongly at 1.8422 or 2.1029 and forms a reversal pattern.
- This market is volatile, so please wait for confirmation like a pin bar, clear engulfing, or a lower timeframe reversal structure before entering.
- Trade idea: Long on a breakout above 1.5000 with confirmation, targeting 1.8422 and 2.1029. Short only after a sweep and reversal above 1.8422, targeting 1.2699.
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