Trend Direction
Price is currently bullish overall (uptrend).
We can see higher highs (HH) and higher lows (HL) forming until the recent consolidation.
Market Structure
After creating a strong impulsive move up to the marked Supply H1 zone (2.0850–2.0870 area), price got rejected and entered sideways movement.
Currently, price is pulling back but hasn’t yet broken the previous higher low → trend is still bullish.
Supply Zone (H1)
Around 2.0850–2.0870.
Price reacted strongly here before dropping. This zone may act as resistance if retested.
Demand Zone (H1)
Around 2.0660–2.0700.
This is where the previous impulse started; strong buy orders likely remain here.
Price expected to drop into the demand zone, possibly sweeping liquidity below 2.0700.
Then a strong bullish rally towards new highs (above 2.0960+).
Price is currently bullish overall (uptrend).
We can see higher highs (HH) and higher lows (HL) forming until the recent consolidation.
Market Structure
After creating a strong impulsive move up to the marked Supply H1 zone (2.0850–2.0870 area), price got rejected and entered sideways movement.
Currently, price is pulling back but hasn’t yet broken the previous higher low → trend is still bullish.
Supply Zone (H1)
Around 2.0850–2.0870.
Price reacted strongly here before dropping. This zone may act as resistance if retested.
Demand Zone (H1)
Around 2.0660–2.0700.
This is where the previous impulse started; strong buy orders likely remain here.
Price expected to drop into the demand zone, possibly sweeping liquidity below 2.0700.
Then a strong bullish rally towards new highs (above 2.0960+).
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.