- February 18, 2026
- Posted by: EWGFX
- Category: Technical analysis
Strong Higher Timeframe Demand Zone (79–80 Area)
Price is approaching a previously broken support zone (79.30–80.00). This area acted as strong support before the sharp breakdown — now likely to act as magnet/resistance target.
Reversal from Local Bottom (Around 72 Zone)
Price formed a short-term base near 72 and started making higher lows on lower timeframe — early sign of bullish momentum shift.
RSI Momentum Confirmation
RSI (14) is pushing above 60 and approaching 70, showing increasing bullish momentum after prolonged consolidation.
Risk-to-Reward Alignment
Entry near 75.370 provides clean RR toward 79.370 resistance while keeping stop below structural low.
Bias: Bullish (Pullback Continuation Move)
Short-term bullish correction toward 79.30 liquidity zone.
Trade Plan
Buy Entry: 75.370
Stop Loss: 72.370
Target: 79.370
➡ Risk ≈ 3 points
➡ Reward ≈ 4 points
➡ RR ≈ 1:1.3 (conservative swing continuation)
Simple Logic
Strong bounce from 72 support.
Higher lows forming.
Momentum building (RSI strength).
Targeting previous breakdown zone (79.30).