Multi-Timeframe Analysis (Monthly / Weekly / Daily)
Price on the monthly timeframe showed a strong bearish move, followed by a prolonged range phase. During this consolidation, price was actively collecting liquidity on both sides (highs and lows).
As price moved lower, it respected a monthly order block, where buying interest started to appear. Buyers attempted to push price upward toward the equal highs / liquidity zone, while sellers continued reacting from lower levels, targeting downside liquidity.
After sweeping the 96.218 liquidity, price delivered a strong displacement move to the upside, indicating that buyers started gaining dominance. This bullish momentum continued, and price successfully took out the 100.395 high liquidity.
Following this liquidity grab, the daily timeframe showed a minor pullback. However, price reacted strongly from the BPR (Balanced Price Range) on both daily and weekly timeframes, pushing price upward again.
Current Outlook
At the moment, there are no strong bearish confirmations suggesting immediate downside. Instead, price still has untapped liquidity on the upside, which increases the probability of further upward movement.
Next key upside level: 101.977
If price breaks above this level, it can continue moving toward the monthly FVG (Fair Value Gap) zone between 102.100 – 103.210
This FVG area can act as a major reaction zone, where a sharp bearish move may occur.
Downside Consideration
There is a daily order block zone between 97.355 – 98.492, but it may remain untested for now because:
Price has already moved strongly from the BPR
No strong supply/order block is currently visible above that could force price downward immediately
However, if price reacts from the 101.977 level, then a potential move to the downside can be considered.
Conclusion
Short term bias remains bullish toward upper liquidity, with a high probability of price moving into the monthly FVG zone, where a major reversal or sharp sell-off can be expected.
Price on the monthly timeframe showed a strong bearish move, followed by a prolonged range phase. During this consolidation, price was actively collecting liquidity on both sides (highs and lows).
As price moved lower, it respected a monthly order block, where buying interest started to appear. Buyers attempted to push price upward toward the equal highs / liquidity zone, while sellers continued reacting from lower levels, targeting downside liquidity.
After sweeping the 96.218 liquidity, price delivered a strong displacement move to the upside, indicating that buyers started gaining dominance. This bullish momentum continued, and price successfully took out the 100.395 high liquidity.
Following this liquidity grab, the daily timeframe showed a minor pullback. However, price reacted strongly from the BPR (Balanced Price Range) on both daily and weekly timeframes, pushing price upward again.
Current Outlook
At the moment, there are no strong bearish confirmations suggesting immediate downside. Instead, price still has untapped liquidity on the upside, which increases the probability of further upward movement.
Next key upside level: 101.977
If price breaks above this level, it can continue moving toward the monthly FVG (Fair Value Gap) zone between 102.100 – 103.210
This FVG area can act as a major reaction zone, where a sharp bearish move may occur.
Downside Consideration
There is a daily order block zone between 97.355 – 98.492, but it may remain untested for now because:
Price has already moved strongly from the BPR
No strong supply/order block is currently visible above that could force price downward immediately
However, if price reacts from the 101.977 level, then a potential move to the downside can be considered.
Conclusion
Short term bias remains bullish toward upper liquidity, with a high probability of price moving into the monthly FVG zone, where a major reversal or sharp sell-off can be expected.
Note
Weekly PBR zone showed a strong rejection, and the daily timeframe has also confirmed an upside bias shift. Price has now moved out of the 97.335 – 98.002 range and is trying to continue higher after tapping the daily POI.The next important upside liquidity level is 101.977, which is the key level to watch for further bullish continuation.
Key levels:
Broken range: 97.335 – 98.002
Upside liquidity: 101.977
Bias: Bullish
Outlook:
As long as price holds above the broken range, the structure remains bullish and price can continue toward the upside liquidity.
Trade active
Weekly PBR zone showed a strong rejection, and the daily timeframe has also confirmed an upside bias shift. Price has now moved out of the 97.335 – 98.002 range and is trying to continue higher after tapping the daily POI.The next important upside liquidity level is 101.977, which is the key level to watch for further bullish continuation.
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.