Confluence 1 - “Daily Low Sweep”
• A liquidity sweep of a previous daily low occurred.
• This move typically indicates stop hunts and smart money accumulation, potentially setting up for a bullish reversal.
Confluence 2. Demand Zone (Grey Box)
• Area where price reacted after the sweep.
• Range: approximately 0.58100 – 0.58200
• Price currently respecting this zone, indicating potential bullish order block behavior.
🧠 Projected Price Path
The sketched movement indicates a plan for:
1. Break above current resistance
2. Pullback into breakout area (possibly retesting the demand)
3. Bullish continuation to 0.58470 and ultimately to 0.58800
• A liquidity sweep of a previous daily low occurred.
• This move typically indicates stop hunts and smart money accumulation, potentially setting up for a bullish reversal.
Confluence 2. Demand Zone (Grey Box)
• Area where price reacted after the sweep.
• Range: approximately 0.58100 – 0.58200
• Price currently respecting this zone, indicating potential bullish order block behavior.
🧠 Projected Price Path
The sketched movement indicates a plan for:
1. Break above current resistance
2. Pullback into breakout area (possibly retesting the demand)
3. Bullish continuation to 0.58470 and ultimately to 0.58800
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t.me/forexlyfepublic
OUR WEBSITE:
forexlyfe.com
INSTAGRAM:
instagram.com/forexlyfe/
YOUTUBE: youtube.com/@Forexlyfe
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.
JOIN FREE TELEGRAM FOR SIGNALS & SETUPS:
t.me/forexlyfepublic
OUR WEBSITE:
forexlyfe.com
INSTAGRAM:
instagram.com/forexlyfe/
YOUTUBE: youtube.com/@Forexlyfe
t.me/forexlyfepublic
OUR WEBSITE:
forexlyfe.com
INSTAGRAM:
instagram.com/forexlyfe/
YOUTUBE: youtube.com/@Forexlyfe
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.