A bullish breakout from the descending channel is anticipated.Chart Breakdown
🔻 Price Action & Structure:
The market is currently trending downward within a descending channel, marked by two parallel white trendlines.
The current price is around 1.14797, with visible lower highs and lower lows, indicating a short-term bearish trend.
🔄 Projected Move:
A bullish breakout from the descending channel is anticipated.
The white projected path shows:
A dip toward the demand zone (highlighted in teal-green) around 1.13400–1.13800.
A reversal from that zone, forming higher highs and higher lows.
A move toward the upper liquidity zone, labeled EQH (Equal Highs) around 1.16000, suggesting a target for buy-side liquidity.
🧠
EQH = Equal High Liquidity
:
The EQH zone marks an area where previous highs are equal or nearly equal — a common target for price manipulation or stop-hunting.
It’s expected that the market will sweep this area for liquidity before possibly reversing or continuing.
💡 Interpretation:
The setup reflects a liquidity-based strategy using smart money concepts.
Bearish short-term → bullish medium-term outlook.
Potential trade idea: Wait for price to tap the lower demand zone, then look for entry confirmation (e.g., bullish engulfing or Ch0CH) to ride toward EQH.
