ETHUSD – Potential Bullish Reversal Scenario 🐂
We’ve observed a strong bullish reaction following a sweep of the previous day’s low (PDL) within our identified Point of Interest (POI), aligned with a 1-hour Bullish Imbalance (BISI).
This reaction suggests a possible shift in market structure, and we are now anticipating a reversal to the upside, potentially targeting resting sell-side liquidity. There is also a chance we may see a Symmetrical Movement Theory (SMT) divergence forming relative to BTC, which could further validate bullish intent.
From my perspective, the liquidity engineered below the recent sweep presents a strategic area where institutional participants may look to accumulate long positions for a more sustained move upward.
We also have favorable draw on liquidity (DOL) to the buy side, including the previous day’s high (PDH) and visible engineered liquidity levels above.
Let’s now monitor price action following this bullish reaction to assess whether confirmation for a higher move develops.
We’ve observed a strong bullish reaction following a sweep of the previous day’s low (PDL) within our identified Point of Interest (POI), aligned with a 1-hour Bullish Imbalance (BISI).
This reaction suggests a possible shift in market structure, and we are now anticipating a reversal to the upside, potentially targeting resting sell-side liquidity. There is also a chance we may see a Symmetrical Movement Theory (SMT) divergence forming relative to BTC, which could further validate bullish intent.
From my perspective, the liquidity engineered below the recent sweep presents a strategic area where institutional participants may look to accumulate long positions for a more sustained move upward.
We also have favorable draw on liquidity (DOL) to the buy side, including the previous day’s high (PDH) and visible engineered liquidity levels above.
Let’s now monitor price action following this bullish reaction to assess whether confirmation for a higher move develops.
The Profit Room Fx
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theprofitroomfx@gmail.com
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The Profit Room Fx
Telegram
t.me/theprofitroom_fx
Telegram Channel
t.me/theprofitroomfx
Email
theprofitroomfx@gmail.com
Telegram
t.me/theprofitroom_fx
Telegram Channel
t.me/theprofitroomfx
theprofitroomfx@gmail.com
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.