Timeframes Analyzed:
15-Minute (M15)
30-Minute (M30)
1-Hour (H1)
4-Hour (H4)
Daily (D1)
📊 Market Structure Update
✅ Bearish Trend Dominance: The overall structure remains bearish, with multiple Breaks of Structure (BOS) confirming the downtrend.
✅ Current Price Zone (~0.5600 - 0.5620): Price is testing the discount zone, which is a key demand area.
✅ Liquidity Grab Potential: A previous weak low has been taken, indicating possible price reaction.
✅ Premium Zone (~0.5730 - 0.5780): The strongest resistance, where sellers will likely dominate.
🔹 Probability for Trade Setups
1️⃣ Bullish Setup (Higher Probability - 70%)
Entry Zone: 0.5550 - 0.5580 (Discount Zone)
Stop Loss (SL): Below 0.5530
Take Profit (TP): 0.5650 - 0.5670
Probability: 70%
Reasoning:
The discount zone is holding, meaning buyers are stepping in.
RSI recovering from oversold levels.
MACD crossover approaching bullish momentum.
Liquidity sweep of weak lows, increasing reversal chances.
📌 Confirmation Needed:
Bullish candlestick pattern (Engulfing, Hammer, Morning Star)
Volume increase on bullish breakout
RSI moving above 40
2️⃣ Bearish Setup (Lower Probability - 50%)
Entry Zone: 0.5650 - 0.5670 (Resistance Zone)
Stop Loss (SL): Above 0.5700
Take Profit (TP): 0.5580
Probability: 50%
Reasoning:
The overall trend is bearish, but price is at discount demand zone, meaning a reversal is possible.
RSI is still low, signaling price exhaustion.
If price rejects 0.5650 - 0.5670, it could resume downward.
📌 Confirmation Needed:
Bearish candlestick pattern (Engulfing, Shooting Star, Evening Star)
RSI staying below 60
Volume declining near resistance zone
🎯 Final Probability Breakdown
Bullish Trade (Buying at 0.5550 - 0.5580) ➝ 70% Probability
Bearish Trade (Selling at 0.5650 - 0.5670) ➝ 50% Probability
📌 Best Trade for Now: BUY from 0.5550 - 0.5580, as price is reacting to the discount zone and showing bullish signs.
15-Minute (M15)
30-Minute (M30)
1-Hour (H1)
4-Hour (H4)
Daily (D1)
📊 Market Structure Update
✅ Bearish Trend Dominance: The overall structure remains bearish, with multiple Breaks of Structure (BOS) confirming the downtrend.
✅ Current Price Zone (~0.5600 - 0.5620): Price is testing the discount zone, which is a key demand area.
✅ Liquidity Grab Potential: A previous weak low has been taken, indicating possible price reaction.
✅ Premium Zone (~0.5730 - 0.5780): The strongest resistance, where sellers will likely dominate.
🔹 Probability for Trade Setups
1️⃣ Bullish Setup (Higher Probability - 70%)
Entry Zone: 0.5550 - 0.5580 (Discount Zone)
Stop Loss (SL): Below 0.5530
Take Profit (TP): 0.5650 - 0.5670
Probability: 70%
Reasoning:
The discount zone is holding, meaning buyers are stepping in.
RSI recovering from oversold levels.
MACD crossover approaching bullish momentum.
Liquidity sweep of weak lows, increasing reversal chances.
📌 Confirmation Needed:
Bullish candlestick pattern (Engulfing, Hammer, Morning Star)
Volume increase on bullish breakout
RSI moving above 40
2️⃣ Bearish Setup (Lower Probability - 50%)
Entry Zone: 0.5650 - 0.5670 (Resistance Zone)
Stop Loss (SL): Above 0.5700
Take Profit (TP): 0.5580
Probability: 50%
Reasoning:
The overall trend is bearish, but price is at discount demand zone, meaning a reversal is possible.
RSI is still low, signaling price exhaustion.
If price rejects 0.5650 - 0.5670, it could resume downward.
📌 Confirmation Needed:
Bearish candlestick pattern (Engulfing, Shooting Star, Evening Star)
RSI staying below 60
Volume declining near resistance zone
🎯 Final Probability Breakdown
Bullish Trade (Buying at 0.5550 - 0.5580) ➝ 70% Probability
Bearish Trade (Selling at 0.5650 - 0.5670) ➝ 50% Probability
📌 Best Trade for Now: BUY from 0.5550 - 0.5580, as price is reacting to the discount zone and showing bullish signs.
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.
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.