Price has now reached a key supply zone around the 1.8468 – 1.8500 level, a region where strong selling pressure previously caused a sharp drop. This area aligns with previous structure and volume imbalance, making it a critical zone to watch for potential rejection or reversal.
We can observe:
Strong bullish momentum leading into the zone
Previous distribution and drop from this level
Clean break of internal structure on the way up
What to watch for next:
Bearish reaction or confirmation candles from this zone could signal potential short setups
A strong breakout and retest might invalidate the zone and open room for further upside
This area deserves close attention — patience is key before committing to a trade. Wait for price action confirmation.
We can observe:
Strong bullish momentum leading into the zone
Previous distribution and drop from this level
Clean break of internal structure on the way up
What to watch for next:
Bearish reaction or confirmation candles from this zone could signal potential short setups
A strong breakout and retest might invalidate the zone and open room for further upside
This area deserves close attention — patience is key before committing to a trade. Wait for price action confirmation.
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.