Price is currently consolidating above a key support zone, approaching a critical Decision Point. The market structure shows a prior CHoCH and BOS, signaling potential bullish intent, but momentum has slowed.
Two potential outcomes:
Bullish Case: A breakout above the descending trendline and Decision Point could trigger a move toward the Weak High and higher.
Bearish Case: Rejection from this zone may lead to a liquidity grab, with price targeting the Order Block (OB) near 0.79300, sitting above a strong low.
Watching for a confirmed reaction at the Decision Point to determine directional bias. Stay patient and wait for price action confirmation.
Two potential outcomes:
Bullish Case: A breakout above the descending trendline and Decision Point could trigger a move toward the Weak High and higher.
Bearish Case: Rejection from this zone may lead to a liquidity grab, with price targeting the Order Block (OB) near 0.79300, sitting above a strong low.
Watching for a confirmed reaction at the Decision Point to determine directional bias. Stay patient and wait for price action confirmation.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.