Market Structure: The market broke previous highs, showing bullish intent. A temporary pullback is underway, forming a higher low structure.
Liquidity Setup: There is a clear Sell-Side Liquidity (SSL) resting below recent lows around $124, acting as a liquidity magnet. Price may move down to collect that liquidity before continuing upward.
Point of Interest (POI): A strong POI zone is marked between $121–$123, which aligns with previous consolidation and demand imbalance, likely to trigger buy orders or institutional interest.
Expectation: Ideal setup is a liquidity sweep into POI, followed by bullish price action like a bullish engulfing or break of minor structure for confirmation.
Bias: Bullish, targeting a continuation toward the $134–$136 zone after a clean tap into POI and SSL sweep.
✅ Summary: Waiting for a pullback into POI and SSL zone to enter long with confirmation. This setup aligns with smart money concepts and demand zone trading.
Liquidity Setup: There is a clear Sell-Side Liquidity (SSL) resting below recent lows around $124, acting as a liquidity magnet. Price may move down to collect that liquidity before continuing upward.
Point of Interest (POI): A strong POI zone is marked between $121–$123, which aligns with previous consolidation and demand imbalance, likely to trigger buy orders or institutional interest.
Expectation: Ideal setup is a liquidity sweep into POI, followed by bullish price action like a bullish engulfing or break of minor structure for confirmation.
Bias: Bullish, targeting a continuation toward the $134–$136 zone after a clean tap into POI and SSL sweep.
✅ Summary: Waiting for a pullback into POI and SSL zone to enter long with confirmation. This setup aligns with smart money concepts and demand zone trading.
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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.