Price has recently broken structure (BOS) to the upside, forming a new weak high, indicating potential for further upside but also vulnerability to retracement.
Short-Term Expectation:
A retracement is expected towards the marked Demand Zone (around 118,500–119,000), which previously acted as a strong support level. This zone aligns with bullish order block and previous BOS area.
Potential Setup:
Watch for bullish confirmation within the demand zone (e.g., bullish engulfing or BOS on lower timeframes).
If confirmed, potential entry long with the target set at the recent weak high for a liquidity grab or higher continuation.
Target: Above 121,200
Invalidation: Clean break and close below the demand zone.
This structure supports a classic "retrace to demand then continue bullish" model, ideal for intraday trading setups.
Short-Term Expectation:
A retracement is expected towards the marked Demand Zone (around 118,500–119,000), which previously acted as a strong support level. This zone aligns with bullish order block and previous BOS area.
Potential Setup:
Watch for bullish confirmation within the demand zone (e.g., bullish engulfing or BOS on lower timeframes).
If confirmed, potential entry long with the target set at the recent weak high for a liquidity grab or higher continuation.
Target: Above 121,200
Invalidation: Clean break and close below the demand zone.
This structure supports a classic "retrace to demand then continue bullish" model, ideal for intraday trading setups.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.