🟦 Key Zones
Bullish Order Block:
Clearly marked in the lower blue zone (approx. 0.5200–0.5300), this area represents a last bearish candle before a strong bullish move, a common point of institutional buying.
Support/Resistance Flip:
The upper zone shows an area that acted previously as resistance and now functions as support, confirming a structure shift to the upside.
📉 Trend & Market Structure
The market is forming higher lows, suggesting a bullish trend structure.
A descending trendline from recent highs indicates short-term bearish pressure, but this is weakening as price compresses toward the apex.
Price has respected the bullish order block and is starting to push upward, showing potential for a bullish breakout above the trendline.
🔎 Setup & Expectations
Your arrow projection implies expectation of a bullish continuation, with a breakout likely aiming for levels near 0.5450–0.5500.
The repeated taps and rejection from the bullish order block strengthen the case for an institutional accumulation zone.
✅ Trade Bias: Bullish
Entry Area: Around 0.5300, within the bullish order block.
Confirmation: Break and close above the descending trendline.
Target: 0.5450–0.5500
Invalidation: Clean break below 0.5200 would invalidate this setup.
🧠 Final Thought
This is a classic liquidity grab and reversal scenario off a demand zone, suggesting smart money accumulation. If the price maintains above the order block and breaks the trendline, it aligns with your projection for a strong bullish move.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
What is your thought ? Are you bullish or bearish ?
Please hit the like button and Leave a comment for more.
Bullish Order Block:
Clearly marked in the lower blue zone (approx. 0.5200–0.5300), this area represents a last bearish candle before a strong bullish move, a common point of institutional buying.
Support/Resistance Flip:
The upper zone shows an area that acted previously as resistance and now functions as support, confirming a structure shift to the upside.
📉 Trend & Market Structure
The market is forming higher lows, suggesting a bullish trend structure.
A descending trendline from recent highs indicates short-term bearish pressure, but this is weakening as price compresses toward the apex.
Price has respected the bullish order block and is starting to push upward, showing potential for a bullish breakout above the trendline.
🔎 Setup & Expectations
Your arrow projection implies expectation of a bullish continuation, with a breakout likely aiming for levels near 0.5450–0.5500.
The repeated taps and rejection from the bullish order block strengthen the case for an institutional accumulation zone.
✅ Trade Bias: Bullish
Entry Area: Around 0.5300, within the bullish order block.
Confirmation: Break and close above the descending trendline.
Target: 0.5450–0.5500
Invalidation: Clean break below 0.5200 would invalidate this setup.
🧠 Final Thought
This is a classic liquidity grab and reversal scenario off a demand zone, suggesting smart money accumulation. If the price maintains above the order block and breaks the trendline, it aligns with your projection for a strong bullish move.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
What is your thought ? Are you bullish or bearish ?
Please hit the like button and Leave a comment for more.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.