🧱 Key Observations
Order Block (OB) Marked (Demand Zone):
A clearly marked bullish order block (OB) zone is highlighted in pink around the 139.883 low.
This zone likely represents institutional buying interest.
It was the origin of a strong bullish move that broke prior structure.
Price Action:
After a series of higher highs and higher lows, price has retraced significantly.
It's approaching the order block area again, potentially for a retest or liquidity grab.
Heikin Ashi Candles:
Recent candles are bearish, showing momentum to the downside.
However, these candles typically lag in reversals, so price may soon shift if it hits the OB zone.
Projected Move:
A large blue upward arrow is drawn, suggesting an anticipated bullish reversal from the OB zone with a potential move back to 148.647 (recent high).
📊 Technical Implication
Bullish Bias if price holds within or just above the OB zone.
Watch for bullish reversal signals (engulfing patterns, divergence, or break of minor structure).
If price breaks below 139.883 decisively, the bullish setup may be invalidated.
📌 Strategy Idea (Not Financial Advice):
Entry Zone: 140.000–139.900 (inside OB)
Stop Loss: Below 139.800
Target: ~148.500
Risk/Reward: Favorable if OB holds
Order Block (OB) Marked (Demand Zone):
A clearly marked bullish order block (OB) zone is highlighted in pink around the 139.883 low.
This zone likely represents institutional buying interest.
It was the origin of a strong bullish move that broke prior structure.
Price Action:
After a series of higher highs and higher lows, price has retraced significantly.
It's approaching the order block area again, potentially for a retest or liquidity grab.
Heikin Ashi Candles:
Recent candles are bearish, showing momentum to the downside.
However, these candles typically lag in reversals, so price may soon shift if it hits the OB zone.
Projected Move:
A large blue upward arrow is drawn, suggesting an anticipated bullish reversal from the OB zone with a potential move back to 148.647 (recent high).
📊 Technical Implication
Bullish Bias if price holds within or just above the OB zone.
Watch for bullish reversal signals (engulfing patterns, divergence, or break of minor structure).
If price breaks below 139.883 decisively, the bullish setup may be invalidated.
📌 Strategy Idea (Not Financial Advice):
Entry Zone: 140.000–139.900 (inside OB)
Stop Loss: Below 139.800
Target: ~148.500
Risk/Reward: Favorable if OB holds
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.