🔹 Current Price: $0.8829
🔹 Market Structure:
– Recent CHoCH indicates potential reversal
– Break of Structure (BOS) confirms bearish shift
– Current price approaching Retracement Zone (Potential Reaction Point)
🔻 Bearish Scenario:
If price reacts from the Retracement Zone, expect a move down targeting:
→ Bullish Bias Level at $0.8705
→ Then potential sweep of Day Low at $0.8521
→ Deeper liquidity grab near Weak Low
🔺 Bullish Scenario:
If price breaks and holds above the Retracement Zone, it could aim for:
→ Higher OB zone
→ Day High sweep at $0.9287
🟨 Key Zones:
– Retracement Zone = Watch for rejection
– OBs marked above as key liquidity targets
– +OB at $0.8521 acting as interim support
⚠️ Watch for CHoCH or MSS confirmations before entries.
🔹 Market Structure:
– Recent CHoCH indicates potential reversal
– Break of Structure (BOS) confirms bearish shift
– Current price approaching Retracement Zone (Potential Reaction Point)
🔻 Bearish Scenario:
If price reacts from the Retracement Zone, expect a move down targeting:
→ Bullish Bias Level at $0.8705
→ Then potential sweep of Day Low at $0.8521
→ Deeper liquidity grab near Weak Low
🔺 Bullish Scenario:
If price breaks and holds above the Retracement Zone, it could aim for:
→ Higher OB zone
→ Day High sweep at $0.9287
🟨 Key Zones:
– Retracement Zone = Watch for rejection
– OBs marked above as key liquidity targets
– +OB at $0.8521 acting as interim support
⚠️ Watch for CHoCH or MSS confirmations before entries.
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.