Currently, there are bullish engulfing signals on the W1 timeframe, with a key level at 1.3087, on the H4 timeframe, a bearish engulfing signal with key levels at 1.3347 and 1.3355, and on the M15 timeframe, a bullish engulfing signal with key levels at 1.3108 and 1.3137. From these three signals, key levels are extracted and real working and potentially working ranges are constructed, depending on where the price is in relation to these key levels. The successful development of the signal is considered based on this. If the price is above the weekly lower level at 1.3087, a bullish signal is present, indicating successful development. This weekly level is the lowest and acts as support. On the H4 timeframe, the lower level is at 1.3347, which is closer to the price, and although the price is below it, it is moving upwards. This zigzag movement from the level down to the lows and back up to the level is normal for successful signal development; currently, the movement is upwards. For the M15 timeframe, there is a bullish signal, and the upper level is at 1.3137. Since the price is above this level, the signal is developing successfully, and the price is moving further upwards. The actual working range here is between the H4 lower level at 1.3347 and the M15 upper level at 1.3137. Since the M15 timeframe is the smallest, it is necessary to monitor the signal specifically on this timeframe; the H4 timeframe levels act as resistance, while the W1 acts as support. The levels on the M15 timeframe are intermediate, defining the actual range. Currently, the price is between the levels on the M15 and H4 timeframes, and potentially, if the price drops below the M15 levels. Starting from Monday, it is necessary to monitor the price's relationship with the M15 levels, and as long as it stays above them, the probability is high, as the bullish signal on the M15 is being worked out and will reduce the distance between the key levels to 0, meaning the price will move up in zigzags above the M15 levels towards the H4 level. The price may fall below the M15 levels, triggering a cancellation of the bullish M15 signal and a continuation of the bearish H4 signal towards the W1 lower level at 1.3087.
