UDS - Confluence Reload Zone at Prior Base!

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UDS is still overall bullish inside a rising channel.

After a sharp markup, price pulled back into the previous consolidation base (green zone), which now overlaps with the channel’s lower boundary — a classic confluence area.

Key levels

Support: 1.05–1.15 (prior base / channel low)

Resistance: 1.30 → 1.45 (recent swing supply)

Why it matters

- Structure remains up while higher-timeframe channel holds.

- Pullback into old range highs + trendline = a spot where bulls often reload.

Scenarios

- Bullish 📈 Hold the green zone and print a higher low → continuation toward 1.30, then 1.45 if momentum persists.

- Bearish 📉 Daily close below the channel low → deeper correction before buyers try again.



⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr

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