🔍 Technical Summary:
Market Structure Shift (MSS) detected after liquidity (LQ) grab.
Price formed a bullish break of structure confirming a possible trend reversal.
Entry taken near support (after LQ), targeting a supply zone above.
📊 Key Chart Elements:
LQ (Liquidity Grab):
Price swept previous lows, triggering stop-losses before reversing.
MSS (Market Structure Shift):
Break of internal structure confirms potential upside movement.
Blue Zone (Target Area):
A clear supply zone, likely to act as resistance.
TP (Take Profit) placed just below this zone.
SL (Stop Loss):
Positioned below the recent low (LQ) – tight risk management.
📈 Outlook:
Expecting bullish continuation towards 3,380+ zone.
If price respects support and structure holds, long entries remain valid.
Watch for reaction at the supply zone – potential rejection or consolidation.
⚠️ Disclaimer:
This is not financial advice. Always do your own research before trading.
Market Structure Shift (MSS) detected after liquidity (LQ) grab.
Price formed a bullish break of structure confirming a possible trend reversal.
Entry taken near support (after LQ), targeting a supply zone above.
📊 Key Chart Elements:
LQ (Liquidity Grab):
Price swept previous lows, triggering stop-losses before reversing.
MSS (Market Structure Shift):
Break of internal structure confirms potential upside movement.
Blue Zone (Target Area):
A clear supply zone, likely to act as resistance.
TP (Take Profit) placed just below this zone.
SL (Stop Loss):
Positioned below the recent low (LQ) – tight risk management.
📈 Outlook:
Expecting bullish continuation towards 3,380+ zone.
If price respects support and structure holds, long entries remain valid.
Watch for reaction at the supply zone – potential rejection or consolidation.
⚠️ Disclaimer:
This is not financial advice. Always do your own research before trading.
Unlock the power of institutional insights! Join us on our journey as we navigate the markets with precision's
t.me/FXbyibm
t.me/FXbyibm
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.
Unlock the power of institutional insights! Join us on our journey as we navigate the markets with precision's
t.me/FXbyibm
t.me/FXbyibm
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.