Trading Idea Description: Weekly Chart: Last week, ICMARKETS:XTIUSD rebounded off a soft weekly support around $72.00, suggesting a potential reversal. My bias on the weekly chart is bullish, as buyers appear to be stepping in at this level. Daily Chart: While the daily chart is currently in a downtrend, marked by lower lows (LLs) and lower highs (LHs), it is presently in Phase 2 (an upward move). Given the weekly chart's bullish sentiment, I am comfortable taking long positions on lower time frames but will manage trades conservatively since we are countering the daily trend. 4-Hourly Chart: The 4-hourly chart reinforces our bullish outlook with a confirmed inverse head and shoulders pattern and key support levels. This pattern provides additional confidence in the potential for upward movement. Trade Plans: 1. Look for a pullback to the $76.47/36 zone for a potential buy entry. The target should be around $78.00. However, proceed cautiously and manage trades conservatively, as the 78% Fib level is also at $78.00 on the daily chart, which might act as resistance. 2. If there is a break and close above $78.00 on the 4-hourly chart, it would confirm further bullish momentum, potentially targeting the next horizontal level around $80.00. For further details on the fundamental analysis of ICMARKETS:XTIUSD, check out my in-depth analysis. Note: Keep a close eye on price action at these levels and adjust your strategy accordingly. Happy trading!