Technical Analysis Overview
This chart presents a clear view of market behavior through defined price action zones, institutional order blocks, and directional flows.
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Key Zones and Market Structure
• Bullish Order Block (OB) at the bottom:
A significant area where aggressive buying occurred, pushing price upward. This zone is labeled as a Buy Strong Zone, acting as a reliable demand area. Price is expected to find support here if revisited.
• Bearish Order Block (OB) at the top (Strong Sell Zone):
A major supply area where sellers initiated a sharp reversal. Price reacted strongly from this level, confirming it as a high-probability resistance zone.
• Mid-range Bearish OB / Sell Zone:
An additional, smaller supply area where price saw consolidation and rejection. This zone acts as a potential re-entry point for short positions.
⸻
Price Action Flow
• The market initially rallied strongly from the bullish OB, signaling aggressive buyer interest.
• Upon reaching the strong sell zone, price formed a clear rejection pattern and began a bearish move.
• After breaking structure to the downside, price pulled back into the smaller sell zone (bearish OB), continuing the downward move.
• Price is now stabilizing between the upper sell zones and lower buy zone, suggesting possible consolidation or preparation for a new leg.
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Outlook and Strategy
• Bias: Bearish while price remains below the mid-range sell zone.
• Sell Opportunity: If price re-tests and rejects the 1.10000–1.10200 area (Sell Zone), it could trigger a continuation downward.
• Buy Opportunity: If price falls into the 1.08000–1.08200 Buy Strong Zone, look for bullish confirmation signals.
• Invalidation: A break and close above the Strong Sell Zone would invalidate bearish setups.
This chart presents a clear view of market behavior through defined price action zones, institutional order blocks, and directional flows.
⸻
Key Zones and Market Structure
• Bullish Order Block (OB) at the bottom:
A significant area where aggressive buying occurred, pushing price upward. This zone is labeled as a Buy Strong Zone, acting as a reliable demand area. Price is expected to find support here if revisited.
• Bearish Order Block (OB) at the top (Strong Sell Zone):
A major supply area where sellers initiated a sharp reversal. Price reacted strongly from this level, confirming it as a high-probability resistance zone.
• Mid-range Bearish OB / Sell Zone:
An additional, smaller supply area where price saw consolidation and rejection. This zone acts as a potential re-entry point for short positions.
⸻
Price Action Flow
• The market initially rallied strongly from the bullish OB, signaling aggressive buyer interest.
• Upon reaching the strong sell zone, price formed a clear rejection pattern and began a bearish move.
• After breaking structure to the downside, price pulled back into the smaller sell zone (bearish OB), continuing the downward move.
• Price is now stabilizing between the upper sell zones and lower buy zone, suggesting possible consolidation or preparation for a new leg.
⸻
Outlook and Strategy
• Bias: Bearish while price remains below the mid-range sell zone.
• Sell Opportunity: If price re-tests and rejects the 1.10000–1.10200 area (Sell Zone), it could trigger a continuation downward.
• Buy Opportunity: If price falls into the 1.08000–1.08200 Buy Strong Zone, look for bullish confirmation signals.
• Invalidation: A break and close above the Strong Sell Zone would invalidate bearish setups.
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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.