Flow Assessment
- Price has created a fresh higher high and the buy swings look strong and aggressive, suggesting bullish order flow
Location Assessment
- Price has recently broken through and retested a major level at 0.88170, which has acted as a support and resistance for high volatility swings multiple times before
- Hence, given our bullish bias, it is logical to look for buys at this key area
Momentum Assessment
- Price retested the key 0.88170 level and showed sharp signs of rejection
- Due to the high relevance of the level and the bullish bias, this is sufficient for us to take a buy
