As you can clearly see on the chart price has put in a double bottom at the 2.24 support level.
This level also aligned with the daily and weekly bullish fib level at 50%.
Many higher time frame confluences for the bullish bias.
Price has broken and retested the daily/4hour counter trendilne to the upside.
Waiting for price to break 2.30 with bullish momentum and price action to take a long position.
Overall target if position entered would be 2.36 with further targets of 2.40 and 2.48.
Patience for the entry will have you beating the impatient that got stopped 6 times before actually proceeding with profit.
This level also aligned with the daily and weekly bullish fib level at 50%.
Many higher time frame confluences for the bullish bias.
Price has broken and retested the daily/4hour counter trendilne to the upside.
Waiting for price to break 2.30 with bullish momentum and price action to take a long position.
Overall target if position entered would be 2.36 with further targets of 2.40 and 2.48.
Patience for the entry will have you beating the impatient that got stopped 6 times before actually proceeding with profit.