I have drawn three very good and strong support areas on the chart. You should wait and see how the market reacts to each of these before deciding to trade. Of course, if you are a professional, you can trade all three of them, but wait and wait for the swings and then the breakouts.
There are 3 scenarios that I will send you today and you can trade based on them. If each of them happens, it is possible to trade. If it does not happen, we should wait and see what happens and update our analysis again.
1-
In the h1 timeframe, we are now inside a corrective triangle that is counted as wave 4 and there is a possibility of the triangle breaking upwards to form wave 5. We can enter a buy position near the 3355 area with a bullish breakout, with the first target being 3378 and then a break of the triangle and the 3408 area. However, if the bottom of this triangle breaks, the price target is $3333, which could be a buy area and should be analyzed.
2-
On the 30m time frame chart, the chart shows a clearer picture and now there are two good areas to buy. Two buys in two levels, one at 3354 and the second at 3341, with a loss limit of 100 pips, and of course, we must see a breakout after hitting the second level and then enter the buy.
3-
On the 15-minute chart, there is a good buy zone. Regardless of the higher time frames, if it approaches the $3,354 area and we see a bullish breakout, we can enter a buy trade. Of course, note that in different time frames, the possibility of a reverse trend is also considered and we have prepared for the second and third steps of buying, but on the smaller 15-minute chart, there is only one buy.
It is now moving towards the first target of the 3311 to 3315 area and we are waiting for re-buying there.
Be careful that until the decline has stopped and we do not see a bullish breakout, we should only scalp -
The third area in case of further decline is the 3294-3295 area, which is ideal for buying
The price hit exactly the area marked on the chart and we entered a buy position and are over 130 pips in profit. Take the risk free and close part of the position.
We are waiting for the area 3333-3335 to enter a sell position - we have to wait and see what happens there. If the conditions are good, you can enter the position with a breakout.
Approaching a very strong dynamic resistance area - we are waiting to see the reaction to this level and then decide to trade.