Analysis Overview:
Price has completed a corrective ABC structure, with point B forming after a liquidity sweep below prior lows. This aligns with a strong bullish Order Block (OB) zone, suggesting potential for a reversal.
Key Points:
BOS (Break of Structure) confirms bullish intent after the sweep.
Point B sits inside the demand zone / OB, providing confluence for a buy setup.
Projected target (Point C) aligns with a major supply zone and previous structural highs.
Entry & Targets:
Entry: Near point B after bullish confirmation in the OB zone.
Target: 26.982 (upper supply zone & projected C wave completion).
Stop Loss: 4.266 (below liquidity sweep low).
Risk-to-Reward: Favorable R:R with strong technical confluences.
Notes:
This setup relies on bullish continuation from the demand zone. A clear break and close below 4.266 would invalidate the idea.
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