Supply & Demand Zones:
🔻 A major supply zone (resistance) is marked above 1.09618, where institutional selling pressure may appear.
🔹 A demand zone (support) is established below 1.09064, providing potential entry opportunities.
📈 Trading Plan & Targets:
✅ Expecting a bullish move from the demand zone as price reacts positively.
🎯 Target 1: 1.09064 – Mid-level liquidity area.
🎯 Target 2: 1.09618 – Major resistance & supply zone.
📌 Smart Money Concept (SMC):
🔹 Price is forming a liquidity sweep before a potential bullish push.
🔹 The structure suggests an accumulation phase, with a breakout confirmation above key levels.
💡 Key Takeaways:
🔹 Bullish bias unless price invalidates the demand zone.
🔻 A major supply zone (resistance) is marked above 1.09618, where institutional selling pressure may appear.
🔹 A demand zone (support) is established below 1.09064, providing potential entry opportunities.
📈 Trading Plan & Targets:
✅ Expecting a bullish move from the demand zone as price reacts positively.
🎯 Target 1: 1.09064 – Mid-level liquidity area.
🎯 Target 2: 1.09618 – Major resistance & supply zone.
📌 Smart Money Concept (SMC):
🔹 Price is forming a liquidity sweep before a potential bullish push.
🔹 The structure suggests an accumulation phase, with a breakout confirmation above key levels.
💡 Key Takeaways:
🔹 Bullish bias unless price invalidates the demand zone.
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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.