IDEA: Take a look on the daily timeframe, we are in a bearish channel however our price is coming from the support of this channel, thus buys. If we dive deeper into the 4h timeframe we can see a clear head and shoulders pattern, as we wait for a break of the neckline to enter our long positions. Furthermore on the 30min chart you will see a bullish channel, where we will be looking for the perfect entry, notice the price still has to reach the channel's support and then only come back up to break our neckline, so we are a bit early but enter your buy stops now.
CONCLUSION: We have 3 confirmations (if confirmed) making this a high probability trade:
Bullish momentum coming from support of daily channel
Head and shoulders on 4h chart neckline is at an area of high sensitivity
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