D1 - Price is moving inside an expanding channel.
Price is near the magnet zone and bullish divergence is forming.
We want to see a reversal once the price reaches the magnet zone and then we can look for buys.
Invalidation - As long as the trend line and the low at 1.5903 is holding we can look for buys. If a breakout of this trendline and low happens then this setup is invalidated and we will reanalyze the situation.
Price is near the magnet zone and bullish divergence is forming.
We want to see a reversal once the price reaches the magnet zone and then we can look for buys.
Invalidation - As long as the trend line and the low at 1.5903 is holding we can look for buys. If a breakout of this trendline and low happens then this setup is invalidated and we will reanalyze the situation.