🔵EUR/USD Analysis
1. Market Structure
Bullish Market Structure: The price is in a strong uptrend, characterized by higher highs (HH) and higher lows (HL).
Recent Pullback: After a strong bullish impulse, the price is experiencing a retracement.
Key Levels:
Resistance: 1.11465 (Potential Target)
Support Zone: 1.08135 - 1.08470 (Grey Box – Demand Zone)
2. Order Blocks & Demand Zones
Bullish Order Block (OB) & Demand Zone:
The grey highlighted box represents an institutional demand zone.
Price might retrace into this zone before continuing upward.
3. Liquidity Zones
Liquidity Grab:
The recent spike higher might have grabbed liquidity from previous highs.
A retracement to the grey demand zone will confirm if big players are re-accumulating.
Buy-side Liquidity Target: 1.11465 (Above previous high)
4. Moving Averages & Trend Confirmation
Blue Moving Average (Possibly 50 EMA): Acting as dynamic support.
Red Moving Average (Possibly 200 EMA): Supporting the overall bullish trend.
If price retests the grey zone and bounces off the moving average, it confirms a strong buy setup.
5. RSI (Relative Strength Index)
Current RSI: 62.72
This indicates a bullish momentum but is not yet overbought.
If RSI dips towards 50 while price retraces, it strengthens the case for a buy from the demand zone.
6. Trade Setup (Based on SMC Concepts)
Entry: Look for bullish confirmation in the grey demand zone (1.08135 - 1.08470).
Stop Loss (SL): Below the grey box, around 1.07800.
Take Profit (TP): Around 1.11465.
Risk-Reward Ratio: Favorable if entry is taken at the demand zone.
Conclusion
Bullish Bias: Await a potential retracement into the demand zone for an optimal buy entry.
Key Confirmation: Look for bullish price action signs like engulfing candles, pin bars, or liquidity sweeps within the demand zone.
Caution: If price breaks below the grey zone, it may indicate further downside correction.
1. Market Structure
Bullish Market Structure: The price is in a strong uptrend, characterized by higher highs (HH) and higher lows (HL).
Recent Pullback: After a strong bullish impulse, the price is experiencing a retracement.
Key Levels:
Resistance: 1.11465 (Potential Target)
Support Zone: 1.08135 - 1.08470 (Grey Box – Demand Zone)
2. Order Blocks & Demand Zones
Bullish Order Block (OB) & Demand Zone:
The grey highlighted box represents an institutional demand zone.
Price might retrace into this zone before continuing upward.
3. Liquidity Zones
Liquidity Grab:
The recent spike higher might have grabbed liquidity from previous highs.
A retracement to the grey demand zone will confirm if big players are re-accumulating.
Buy-side Liquidity Target: 1.11465 (Above previous high)
4. Moving Averages & Trend Confirmation
Blue Moving Average (Possibly 50 EMA): Acting as dynamic support.
Red Moving Average (Possibly 200 EMA): Supporting the overall bullish trend.
If price retests the grey zone and bounces off the moving average, it confirms a strong buy setup.
5. RSI (Relative Strength Index)
Current RSI: 62.72
This indicates a bullish momentum but is not yet overbought.
If RSI dips towards 50 while price retraces, it strengthens the case for a buy from the demand zone.
6. Trade Setup (Based on SMC Concepts)
Entry: Look for bullish confirmation in the grey demand zone (1.08135 - 1.08470).
Stop Loss (SL): Below the grey box, around 1.07800.
Take Profit (TP): Around 1.11465.
Risk-Reward Ratio: Favorable if entry is taken at the demand zone.
Conclusion
Bullish Bias: Await a potential retracement into the demand zone for an optimal buy entry.
Key Confirmation: Look for bullish price action signs like engulfing candles, pin bars, or liquidity sweeps within the demand zone.
Caution: If price breaks below the grey zone, it may indicate further downside correction.
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.
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.