๐ Technical Analysis
โ
Price has broken and closed above the bearish trendline, indicating a shift in market structure.
โ
Itโs currently consolidating above the trendline, and each retest is showing strong bullish reactions.
โ
The bullish daily demand zone is holding aggressively, reinforcing upward momentum.
I do not expect a significant retracement from here until we reach the purple line (2.59). The current structure suggests price wants to seek higher liquidity.
๐ Trade Plan
Entry: Current market (above trendline + demand zone reaction)
Take Profit (TP): 2.59 (Purple Line)
Stop Loss (SL): 1.26 (Daily Close Below)
๐ Bias: Bullish
๐ฐ๏ธ Timeframe: Daily
๐ Invalidation: Daily close below the demand zone and trendline support
๐ฌ Feel free to share your thoughts or ask questions below!
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