Price is currently trading around the 3,368–3,370 area after a steady decline. I’m watching two key zones for a potential reaction:
✅ Demand Zone (15M + 5M OB) – This confluence zone sits near 3,360–3,364. If price taps into this area and shows bullish rejection, I expect a bounce in line with the 1H Trendline support.
📈 Scenario:
A liquidity sweep into the 15M/5M Order Block zone followed by a bullish reaction.
Continuation to the upside targeting the 5M and 30M Order Blocks around 3,380.
⚠️ Invalidation:
If price closes strongly below the demand zone, this bullish setup will be invalidated and further downside could follow.
✅ Demand Zone (15M + 5M OB) – This confluence zone sits near 3,360–3,364. If price taps into this area and shows bullish rejection, I expect a bounce in line with the 1H Trendline support.
📈 Scenario:
A liquidity sweep into the 15M/5M Order Block zone followed by a bullish reaction.
Continuation to the upside targeting the 5M and 30M Order Blocks around 3,380.
⚠️ Invalidation:
If price closes strongly below the demand zone, this bullish setup will be invalidated and further downside could follow.
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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.