Market Analysis
Structure & Trend:
The market previously broke structure (BOS) to the upside, signaling an uptrend.
However, the price is now retracing toward a demand zone (gray area), possibly forming a higher low for continuation.
Key Levels:
Support (Demand Zone): 0.63250 – 0.63050
Resistance (Supply Zone): 0.64500
Liquidity & Order Blocks:
Buyers may step in at the demand zone (0.63250 - 0.63050).
Sellers will be active at 0.64500 if price reaches resistance.
📊 Trade Setup Recommendations
✅ Buy Setup (Long Position)
📍 Entry: 0.63250 (First level) or 0.63050 (Deeper pullback)
🎯 Targets:
TP1: 0.63650
TP2: 0.64000
⛔ Stop Loss: Below 0.62800
📌 Trade Idea:
Wait for bullish confirmations (engulfing candles, wicks rejecting support).
If price reacts strongly at 0.63250, enter with confidence.
❌ Sell Setup (Short Position)
📍 Entry: 0.64500 (Major Resistance)
🎯 Targets:
TP1: 0.63650
TP2: 0.63250
⛔ Stop Loss: Above 0.64700
📌 Trade Idea:
If price rallies and rejects the 0.64500 zone with bearish price action, short it.
Look for BOS confirmation and bearish engulfing candles.
📢 Final Thoughts
If 0.63250 holds, the market is bullish → Look for buys.
If price breaks 0.63250, expect further downside → Avoid longs.
Best setup: Buy at demand zone (0.63250) or short from 0.64500.
Structure & Trend:
The market previously broke structure (BOS) to the upside, signaling an uptrend.
However, the price is now retracing toward a demand zone (gray area), possibly forming a higher low for continuation.
Key Levels:
Support (Demand Zone): 0.63250 – 0.63050
Resistance (Supply Zone): 0.64500
Liquidity & Order Blocks:
Buyers may step in at the demand zone (0.63250 - 0.63050).
Sellers will be active at 0.64500 if price reaches resistance.
📊 Trade Setup Recommendations
✅ Buy Setup (Long Position)
📍 Entry: 0.63250 (First level) or 0.63050 (Deeper pullback)
🎯 Targets:
TP1: 0.63650
TP2: 0.64000
⛔ Stop Loss: Below 0.62800
📌 Trade Idea:
Wait for bullish confirmations (engulfing candles, wicks rejecting support).
If price reacts strongly at 0.63250, enter with confidence.
❌ Sell Setup (Short Position)
📍 Entry: 0.64500 (Major Resistance)
🎯 Targets:
TP1: 0.63650
TP2: 0.63250
⛔ Stop Loss: Above 0.64700
📌 Trade Idea:
If price rallies and rejects the 0.64500 zone with bearish price action, short it.
Look for BOS confirmation and bearish engulfing candles.
📢 Final Thoughts
If 0.63250 holds, the market is bullish → Look for buys.
If price breaks 0.63250, expect further downside → Avoid longs.
Best setup: Buy at demand zone (0.63250) or short from 0.64500.
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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.