Price swept liquidity below the recent low and reacted strongly from a discount demand zone.
A bullish displacement followed, signaling a potential reversal in structure.
Currently, price is forming a retracement into the mitigation area — offering a potential continuation to the upside.
Entry: 1.3318
Stop Loss: 1.3284 (below structural low)
Take Profit: 1.3376 (previous supply / liquidity resting above)
Bias: Bullish short-term reversal within corrective structure
If price sustains above the mitigation zone, expecting expansion toward the 1.3370–1.3380 liquidity zone.
A bullish displacement followed, signaling a potential reversal in structure.
Currently, price is forming a retracement into the mitigation area — offering a potential continuation to the upside.
Entry: 1.3318
Stop Loss: 1.3284 (below structural low)
Take Profit: 1.3376 (previous supply / liquidity resting above)
Bias: Bullish short-term reversal within corrective structure
If price sustains above the mitigation zone, expecting expansion toward the 1.3370–1.3380 liquidity zone.
Trade closed manually
I had to go out
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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.