Price is currently consolidating below Weak High and just above the mid OB zone.
Two key scenarios in play:
1️⃣ Pullback into OB → Bullish breakout toward upper OB around 118.8k.
2️⃣ Failure to hold OB → Bearish move targeting lower OB near 114.2k.
🔹 Structure shows HH, HL with BOS confirming bullish control, but liquidity sweeps remain possible.
🔹 Watch OB reactions for clean entry triggers.
Two key scenarios in play:
1️⃣ Pullback into OB → Bullish breakout toward upper OB around 118.8k.
2️⃣ Failure to hold OB → Bearish move targeting lower OB near 114.2k.
🔹 Structure shows HH, HL with BOS confirming bullish control, but liquidity sweeps remain possible.
🔹 Watch OB reactions for clean entry triggers.
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.