UDS — Confluence Reload Zone at Prior Base 📚🟩

[theSignalyst]

UDS is still overall bullish inside a rising channel. After a sharp markup, price pulled back into the previous consolidation base (green zone), which now overlaps with the channel’s lower boundary — a classic confluence area.

Key levels

Support: 1.05–1.15 (prior base / channel low)

Resistance: 1.30 → 1.45 (recent swing supply)

Why it matters

Structure remains up while higher-timeframe channel holds.

Pullback into old range highs + trendline = a spot where bulls often reload.

Scenarios

Bullish : Hold the green zone and print a higher low → continuation toward 1.30, then 1.45 if momentum persists.

Bearish : Daily close below the channel low → deeper correction before buyers try again.

What’s your approach here — buy the confluence retest on confirmation or wait for a reclaim above 1.30 for momentum entry?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr