We are seeing a potential bullish reversal on EUR/USD from a well-respected demand zone on the 30-minute timeframe.
Key Analysis:
Market Structure:
CHoCH (Change of Character) confirmed.
Bullish BOS (Break of Structure) indicating a shift in order flow.
Price reacted from a marked Strong Low and FVG (Fair Value Gap) zone.
Liquidity grab below previous equal lows followed by a strong rejection.
Entry: Taken after confirmation of price rejecting the FVG and demand zone.
SL: Below the strong low & demand zone.
TP: Targeting previous structure high around 1.10200.
Confluences:
RSI showing bullish divergence at the low.
Strong reaction candle confirming buyer presence.
High R:R setup (Approx. 1:4+)
Bias: Bullish unless price breaks below 1.08900 invalidation level.
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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.