Higher TF is bearish (downward channel). Price hits the support zone 11054 - 11187 (previous key level). 4H AO divergence suggesting exhaustion of bears. 4H/D is forming QM (lower low + higher high).
We can open BUY trades at 0.786 zone. Confirmation on lower tf for sniper entries.
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Lower TF: 5min AO divergence - good sign We wait for 11050 and 11070 Highs to break. Expect a pullback after for entries.
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If price reaches all the way to 10876, I expect a complete u-turn without any other confirmations
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Since price failed to break 11070 and continued pushing downward, it reached the 10876 level and made 600 pips bouncing its way up
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