We're looking at a clean Break of Structure (BoS) followed by a textbook retest of the Area of Interest near 0.6530.
Price respected the demand zone perfectly after stop-hunt liquidity sweep below 0.6500, then surged upward.
Now consolidating back inside the zone with bullish momentum building.
Expecting a push toward 0.6575+ if we get continuation confirmation. 🎯
🟩 Area of Interest: 0.6525–0.6535
🟥 Stop: Below 0.6490
🎯 Target: 0.6575 and beyond
🔎 Confirmation via lower timeframe bullish engulfing
Price respected the demand zone perfectly after stop-hunt liquidity sweep below 0.6500, then surged upward.
Now consolidating back inside the zone with bullish momentum building.
Expecting a push toward 0.6575+ if we get continuation confirmation. 🎯
🟩 Area of Interest: 0.6525–0.6535
🟥 Stop: Below 0.6490
🎯 Target: 0.6575 and beyond
🔎 Confirmation via lower timeframe bullish engulfing
Trade closed: stop reached
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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.