Price has recently swept liquidity beneath the previous low and reacted from a demand zone within the overall bullish structure.
A lower timeframe break of structure confirms potential short-term bullish momentum.
Currently, price is consolidating near the entry zone, with a favorable risk-to-reward setup targeting the previous supply area.
Entry: 1.0605
Stop Loss: 1.0579 (below structural low)
Take Profit: 1.0658 (previous supply / liquidity area)
Bias: Short-term bullish continuation
If price maintains structure and holds above the mitigation zone, further upside expansion is anticipated.
A lower timeframe break of structure confirms potential short-term bullish momentum.
Currently, price is consolidating near the entry zone, with a favorable risk-to-reward setup targeting the previous supply area.
Entry: 1.0605
Stop Loss: 1.0579 (below structural low)
Take Profit: 1.0658 (previous supply / liquidity area)
Bias: Short-term bullish continuation
If price maintains structure and holds above the mitigation zone, further upside expansion is anticipated.
Trade closed manually
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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.