📌 Current Market Structure
Liquidity Sweep + Rejection in Premium Zone:
Price tapped into the major supply zone (red box) sitting above the last high.
Liquidity above previous highs was swept, and now price is rejecting → a classic buy-side liquidity grab setup.
Bearish Rising Wedge Structure Broken:
Price broke the inner rising wedge (red trendlines) to the downside and is now retesting the supply zone.
Breakdown aligns with a potential reversal entry or at least a bearish pullback.
Higher Timeframe Supply Zone:
The red zone coincides with the 1.34782 resistance, which price failed to break cleanly above.
This zone holds institutional footprints → possible smart money distribution.
🧠 Trade Idea (Bearish Bias Confirmed)
✅ Entry: Already activated inside the red supply zone.
📍 Stop Loss: Just above the red box (around 1.3480).
🎯 Target Zones:
TP1: 1.33281 → minor demand zone and previous consolidation.
TP2: 1.32870 → previous BOS retest zone.
TP3: 1.32543 → deep demand zone and trendline intersection.
TP4: 1.31759–1.31554 → external liquidity resting below structure (long-term target).
🔻 Risk-to-Reward: Excellent potential up to 1:5+ RR if TP4 hits.
🔄 Reversal Signals Confirmation
Watch for:
Bearish engulfing candles with rising volume inside the red zone (VSA style).
Displacement candle or M5–M15 BOS confirming internal structure shift.
⚠️ Invalidation Zone
If price closes a 1H candle above 1.3480, setup is invalidated.
Watch out for possible manipulation during the vertical blue lines (likely high-impact news).
🔮 Forecast:
Expecting a mid- to long-term retracement or reversal back to the 1.31700s – 1.32800s region, based on the current rejection from premium supply and completion of a liquidity sweep.
Liquidity Sweep + Rejection in Premium Zone:
Price tapped into the major supply zone (red box) sitting above the last high.
Liquidity above previous highs was swept, and now price is rejecting → a classic buy-side liquidity grab setup.
Bearish Rising Wedge Structure Broken:
Price broke the inner rising wedge (red trendlines) to the downside and is now retesting the supply zone.
Breakdown aligns with a potential reversal entry or at least a bearish pullback.
Higher Timeframe Supply Zone:
The red zone coincides with the 1.34782 resistance, which price failed to break cleanly above.
This zone holds institutional footprints → possible smart money distribution.
🧠 Trade Idea (Bearish Bias Confirmed)
✅ Entry: Already activated inside the red supply zone.
📍 Stop Loss: Just above the red box (around 1.3480).
🎯 Target Zones:
TP1: 1.33281 → minor demand zone and previous consolidation.
TP2: 1.32870 → previous BOS retest zone.
TP3: 1.32543 → deep demand zone and trendline intersection.
TP4: 1.31759–1.31554 → external liquidity resting below structure (long-term target).
🔻 Risk-to-Reward: Excellent potential up to 1:5+ RR if TP4 hits.
🔄 Reversal Signals Confirmation
Watch for:
Bearish engulfing candles with rising volume inside the red zone (VSA style).
Displacement candle or M5–M15 BOS confirming internal structure shift.
⚠️ Invalidation Zone
If price closes a 1H candle above 1.3480, setup is invalidated.
Watch out for possible manipulation during the vertical blue lines (likely high-impact news).
🔮 Forecast:
Expecting a mid- to long-term retracement or reversal back to the 1.31700s – 1.32800s region, based on the current rejection from premium supply and completion of a liquidity sweep.
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.