However, it is currently approaching the lower brown trendline.
The highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support (1.0 - 1.2) and lower brown trendline. (acting as non-horizontal support)
As per my trading style:
I will be looking for bullish reversal setups on lower timeframes(like a double bottom pattern, trendline break , and so on...)
Unless FTM breaks the blue zone downward aggressively with many big bearish candles.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
