Hi!

Price has shifted structure after forming a clean double bottom on the higher timeframe, followed by a strong impulsive move upward. The key change here is the break and reclaim of the neckline, which now acts as support.

We’re currently seeing price holding above this reclaimed zone while also pushing through the descending trendline.

In the short term, a minor pullback into the neckline area (~0.32 or ~0.29) is very possible. As long as this level holds, the bullish structure remains intact.

The expectation is continuation toward the 0.35 – 0.36 target zone, which aligns with the measured move of the double bottom.

If price fails to hold the neckline, a deeper retrace into the lower support levels could happen before continuation, but for now, buyers are clearly in control.