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07/04 03:01
$DGB My expectation is that the price will test the support at 0.00757 and show a brief upward reaction there after a manipulation. If a strong reversal pattern forms here, a long position up to the 0.00763–0.00765 area could be considered. For the long entry, a liquidity hunt in the 0.00754–0.00757 area is required, followed by a reversal candle such as a pin bar or engulfing! Taking profit at the 0.00763 and 0.00765 levels makes sense. For short, the price must spike into the 0.00763–0.00765 area and be rejected there, followed by a lower high or a strong bearish candle in a lower timeframe. If such a confirmation appears, the targets could be 0.00757 first, then 0.00754 and 0.00753. For the stop-loss, I recommend placing it slightly beyond the last swing high or swing low depending on the direction of the trade.
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