📌 Technical Breakdown:
✅ Liquidity Sweep just occurred below previous lows, clearing weak long positions — a classic reversal signal.
🔂 Price tapped into a major weekly demand zone around the 1.04150 – 1.05000 range.
🔁 Strong reaction after hitting the 71% Fibonacci retracement, showing institutional buying.
🧱 Previous imbalance has been filled; structure now favoring a bullish continuation.
📈 The target: Buy-side liquidity above 1.10200 where price previously reversed with imbalance.
📊 Volume confirmed by a spike post-sweep — buyers are stepping in.
🎯 High-Probability Trade Setup:
Entry Zone: 1.0500 – 1.0600
Stop Loss: Below 1.0390 (beneath liquidity zone and fib invalidation)
Take Profit Target: 1.1000 – 1.1050
Risk-to-Reward: ~1:4+ depending on entry confirmation
🔮 Expectation:
Price may form a higher low retest around 1.0600 before launching.
A confirmed break above the imbalance at 1.0830 would unlock clean momentum toward buy-side targets.
🧠 Final Note:
This is a classic demand + liquidity + fib reversal setup on the weekly — ideal for a mid-to-long-term swing position with fundamental and technical alignment. Confirmation from daily/4H time frames can optimize your entry timing.
✅ Liquidity Sweep just occurred below previous lows, clearing weak long positions — a classic reversal signal.
🔂 Price tapped into a major weekly demand zone around the 1.04150 – 1.05000 range.
🔁 Strong reaction after hitting the 71% Fibonacci retracement, showing institutional buying.
🧱 Previous imbalance has been filled; structure now favoring a bullish continuation.
📈 The target: Buy-side liquidity above 1.10200 where price previously reversed with imbalance.
📊 Volume confirmed by a spike post-sweep — buyers are stepping in.
🎯 High-Probability Trade Setup:
Entry Zone: 1.0500 – 1.0600
Stop Loss: Below 1.0390 (beneath liquidity zone and fib invalidation)
Take Profit Target: 1.1000 – 1.1050
Risk-to-Reward: ~1:4+ depending on entry confirmation
🔮 Expectation:
Price may form a higher low retest around 1.0600 before launching.
A confirmed break above the imbalance at 1.0830 would unlock clean momentum toward buy-side targets.
🧠 Final Note:
This is a classic demand + liquidity + fib reversal setup on the weekly — ideal for a mid-to-long-term swing position with fundamental and technical alignment. Confirmation from daily/4H time frames can optimize your entry timing.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.