🟦 Key Zones
Bullish Order Block:
Clearly marked in the lower blue zone (approx. 0.5200–0.5300), this area represents a last bearish candle before a strong bullish move, a common point of institutional buying.
Support/Resistance Flip:
The upper zone shows an area that acted previously as resistance and now functions as support, confirming a structure shift to the upside.
📉 Trend & Market Structure
The market is forming higher lows, suggesting a bullish trend structure.
A descending trendline from recent highs indicates short-term bearish pressure, but this is weakening as price compresses toward the apex.
Price has respected the bullish order block and is starting to push upward, showing potential for a bullish breakout above the trendline.
🔎 Setup & Expectations
Your arrow projection implies expectation of a bullish continuation, with a breakout likely aiming for levels near 0.5450–0.5500.
The repeated taps and rejection from the bullish order block strengthen the case for an institutional accumulation zone.
✅ Trade Bias: Bullish
Entry Area: Around 0.5300, within the bullish order block.
Confirmation: Break and close above the descending trendline.
Target: 0.5450–0.5500
Invalidation: Clean break below 0.5200 would invalidate this setup.
🧠 Final Thought
This is a classic liquidity grab and reversal scenario off a demand zone, suggesting smart money accumulation. If the price maintains above the order block and breaks the trendline, it aligns with your projection for a strong bullish move.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
What is your thought ? Are you bullish or bearish ?
Please hit the like button and Leave a comment for more.
Bullish Order Block:
Clearly marked in the lower blue zone (approx. 0.5200–0.5300), this area represents a last bearish candle before a strong bullish move, a common point of institutional buying.
Support/Resistance Flip:
The upper zone shows an area that acted previously as resistance and now functions as support, confirming a structure shift to the upside.
📉 Trend & Market Structure
The market is forming higher lows, suggesting a bullish trend structure.
A descending trendline from recent highs indicates short-term bearish pressure, but this is weakening as price compresses toward the apex.
Price has respected the bullish order block and is starting to push upward, showing potential for a bullish breakout above the trendline.
🔎 Setup & Expectations
Your arrow projection implies expectation of a bullish continuation, with a breakout likely aiming for levels near 0.5450–0.5500.
The repeated taps and rejection from the bullish order block strengthen the case for an institutional accumulation zone.
✅ Trade Bias: Bullish
Entry Area: Around 0.5300, within the bullish order block.
Confirmation: Break and close above the descending trendline.
Target: 0.5450–0.5500
Invalidation: Clean break below 0.5200 would invalidate this setup.
🧠 Final Thought
This is a classic liquidity grab and reversal scenario off a demand zone, suggesting smart money accumulation. If the price maintains above the order block and breaks the trendline, it aligns with your projection for a strong bullish move.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
What is your thought ? Are you bullish or bearish ?
Please hit the like button and Leave a comment for more.
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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.
Related publications
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.