ARB Long
2025-01-26
Category: None

Rationale:
 
 Multiple Divergences: Hidden Bullish Divergence: 1D price action shows a Hidden Bullish Divergence, suggesting weakening bearish momentum and potential for a bullish reversal. Bullish Divergence: 1D MACD confirms the bullish divergence, with price making lower lows while MACD forms higher lows.
 Demand Zone: Current price action is within a previously identified Demand Zone, indicating a historical area of strong buying pressure and potential support.
 Trend Change: 1D CHOCH has recently transitioned from a downtrend to an uptrend, signaling a shift in market sentiment and increasing the probability of further upward price movement.

Entry Strategy:
This setup utilizes two potential entry points within the identified Demand Zones:
Position 1:
   Entry: 0.7272
   SL: 0.6450
   TP: 1.2300
Position 2:
   Entry: 0.7272
   SL: 0.4554
   TP: 1.2300