Price is currently consolidating after a strong bearish move and has shown signs of a potential reversal. Here's the breakdown:
🔹 MSS (Market Structure Shift) has occurred, indicating a possible trend reversal
🔹 Price is forming higher lows with internal liquidity build-up beneath BSL (Buy Side Liquidity)
🔹 Expecting a short-term liquidity grab below BSL, followed by a bullish push into the Pullback Zone
🔹 Key Zones to Watch:
• Bullish Reaction Zone: 1.3335–1.3345
• Pullback Target: 1.3400–1.3420
• Full Take Profit: 1.3440+ (Order Block Zone)
🧠 Scenarios:
1️⃣ If price respects current minor demand zone, it may sweep BSL and head to Pullback Zone
2️⃣ Failure to hold may revisit Day Low (1.33075) for deeper liquidity grab before a bounce
Bias: Bullish (after liquidity sweep)
Invalidation: Break below Weak Low
🔹 MSS (Market Structure Shift) has occurred, indicating a possible trend reversal
🔹 Price is forming higher lows with internal liquidity build-up beneath BSL (Buy Side Liquidity)
🔹 Expecting a short-term liquidity grab below BSL, followed by a bullish push into the Pullback Zone
🔹 Key Zones to Watch:
• Bullish Reaction Zone: 1.3335–1.3345
• Pullback Target: 1.3400–1.3420
• Full Take Profit: 1.3440+ (Order Block Zone)
🧠 Scenarios:
1️⃣ If price respects current minor demand zone, it may sweep BSL and head to Pullback Zone
2️⃣ Failure to hold may revisit Day Low (1.33075) for deeper liquidity grab before a bounce
Bias: Bullish (after liquidity sweep)
Invalidation: Break below Weak Low
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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.