Multi-Timeframe Context
Weekly Timeframe
Price is currently sitting on a weekly bullish Order Block (OB).
This higher timeframe demand zone provides the foundation for my bullish bias.
As long as price holds above this OB, I expect continuation to the upside.
🔹 Daily Timeframe
Dropping down to the Daily, we are currently hovering near the 50% level of the Daily dealing range.
Between 01/07/2025 and 03/07/2025, a clear Sell-side Imbalance Buy-side Inefficiency (SIBI) was formed.
This SIBI may act as a short-term bearish pressure, likely to cause a retracement.
📉 Short-Term Expectation
Expecting price to retrace lower, possibly into the midpoint of the Daily bullish OB, which aligns neatly with the Inversion Fair Value Gap (IFVG).
This would create a premium-to-discount transition, ideal for reaccumulation before a continuation move higher.
🔁 Support Array
Weekly OB = long-term bullish demand.
Daily OB midpoint + IFVG confluence = key re-entry or continuation area.
Watching for bullish confirmation once price rebalances through SIBI and taps deeper into discount.
🎯 Target Remains
Draw on Liquidity above 1.37800.
Ultimate target: 1.4000 psychological + structural level.
Weekly Timeframe
Price is currently sitting on a weekly bullish Order Block (OB).
This higher timeframe demand zone provides the foundation for my bullish bias.
As long as price holds above this OB, I expect continuation to the upside.
🔹 Daily Timeframe
Dropping down to the Daily, we are currently hovering near the 50% level of the Daily dealing range.
Between 01/07/2025 and 03/07/2025, a clear Sell-side Imbalance Buy-side Inefficiency (SIBI) was formed.
This SIBI may act as a short-term bearish pressure, likely to cause a retracement.
📉 Short-Term Expectation
Expecting price to retrace lower, possibly into the midpoint of the Daily bullish OB, which aligns neatly with the Inversion Fair Value Gap (IFVG).
This would create a premium-to-discount transition, ideal for reaccumulation before a continuation move higher.
🔁 Support Array
Weekly OB = long-term bullish demand.
Daily OB midpoint + IFVG confluence = key re-entry or continuation area.
Watching for bullish confirmation once price rebalances through SIBI and taps deeper into discount.
🎯 Target Remains
Draw on Liquidity above 1.37800.
Ultimate target: 1.4000 psychological + structural level.
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.