if you look left you can see that the zone we're testing now is a very important one, that acted both as support and as resistance multiple times. As you may know from my previous analysis, i usually look for trading zones on the and then go on lower timeframes searching for an additional confirmation of that bias. In this case i want to go long, and on the hourly timeframe you can see there's a with divergence that supports my view, toogether with an oversold touched on the daily and an engulfin candle on the 4H.
Order placed at the blue line, targets as shown and stop at the red line.
If you have ideas/questions, feel free to share below.
Otherwise, see you in the next chart!
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM
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My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw