Price has reacted strongly from a higher time frame demand zone(highlighted in grey), with a refined H1 bullish order block marked in green, showing clear signs of institutional interest.
- Break of Structure (BOS): Price previously broke below a minor support, forming a bearish BOS. However, we now see a potential shift in market structure, as price failed to create a new low and instead formed a bullish reaction.
- Entry Confirmation: Price tapped into the bullish order block within the demand zone, showing strong rejection and bullish momentum — a classic sign of **smart money accumulation.
- Liquidity Sweep: Before the bullish move, price swept sell-side liquidity below the previous lows, indicating liquidity engineering to fuel the move upward.
- Internal Structure: Bullish internal structure is forming with higher highs and higher lows post-rejection. A market structure shift (MSS) is likely confirmed if price breaks and sustains above 0.60960.
- Target Area: The arrow points toward an imbalance/fair value gap (FVG) and a potential H1 supply zone around 0.63500 – 0.63850, which aligns with a possible liquidity pool from previous buy-side liquidity.
---
Conclusion: If price maintains above the OB and breaks the intermediate high at 0.60960, we anticipate bullish continuation toward the premium zone. A break below 0.59685 would invalidate this setup.
#trading #forex