The main direction is bullish
-Price has rebounded from the 4H Order Block (OB), showing strong bullish intent and forming a Change of Character (CHOCH).
- Currently, the price is pulling back and is expected to retest the 1H Fair Value Gap (FVG) around 0.5940–0.5947, which aligns with a liquidity zone.
- A successful rejection from the FVG followed by a break and close above the descending trendline will strengthen the bullish structure and confirm continuation.
We have to enter points:
1- 0.5947 Where have a liquidity
2- 0.5940 Where FVG
Targets:
1- Resistance 1 (around 0.6040) – First take-profit area. Watch for candle behavior here (e.g.,
long upper wick or rejection); a close below could signal a short-term pullback.
2- Resistance 2 (around 0.6118) – Final bullish target if momentum continues.
-Price has rebounded from the 4H Order Block (OB), showing strong bullish intent and forming a Change of Character (CHOCH).
- Currently, the price is pulling back and is expected to retest the 1H Fair Value Gap (FVG) around 0.5940–0.5947, which aligns with a liquidity zone.
- A successful rejection from the FVG followed by a break and close above the descending trendline will strengthen the bullish structure and confirm continuation.
We have to enter points:
1- 0.5947 Where have a liquidity
2- 0.5940 Where FVG
Targets:
1- Resistance 1 (around 0.6040) – First take-profit area. Watch for candle behavior here (e.g.,
long upper wick or rejection); a close below could signal a short-term pullback.
2- Resistance 2 (around 0.6118) – Final bullish target if momentum continues.
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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.