$ACM 15m analysis 📊
My clear expectation is that the price will make a slight correction in the short term, pulling back to the 1.009-1.004 range, and if a reversal formation (such as a bullish pin bar, engulfing, or liquidity sweep in a lower time frame) is seen here, I would consider entering a long position.
- Long entry: Can be entered with a reversal confirmation in the 1.009 - 1.004 range.
- Take profit: First target 1.023, second target 1.025 and above.
- I'm not explicitly writing the stop-loss; it should be below the swing low level (for example, below 0.991 or 0.982), as these are the points where the trend changes.
- If the price makes a volume close above 1.023 and holds here, an aggressive long can be attempted.
- If the price dips below 1.004 and there is no strong reaction here, my bullish expectation ends, and I would then anticipate a downward movement.
