The price has been compressed and is currently trading in a CP structure.
The market is trading around a key level and we already have a bullish CH on the chart.
The trend line was broken and the price moved below it, trapping seller’s liquidity before quickly reversing to the upside, reflecting bullish behavior.
We have two entry areas and the center can be managed using a DCA approach.
Targets are marked on the chart. Moving to the break-even point and securing partial profits at the first goal.
Closing the daily candle below the invalidation level will invalidate this analysis.
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