Context
W1 and D1 retain a bearish structure, but H4 shows a sharp recovery from the November low. H1 and M15 show rising lows, and the latest advance remains in progress. From the current M15 price, we favour continuation of the correction towards two H4 resistance areas. This recovery runs against D1; a return below the November low would invalidate the scenario.
Research scenario · For independent analysis · Not personal investment advice
Plan conditions
Entry: 0.56124 · current M15 price
Target 1: 0.5618–0.5658 Target 2: 0.5666–0.5712 The strong H1 recovery and higher M15 lows favour a rise towards H4 resistance. The bearish D1 structure remains the opposing argument.
Invalidation: H4 close below 0.5525.