Price has completed a textbook liquidity grab below the established support range, followed by a reclaim of the demand zone and a breakout above the descending trendline. This move signals a potential shift in market structure on the weekly timeframe.
A successful retest of the breakout level could confirm the reversal and initiate a new bullish leg toward the 0.055 level — representing a potential upside of over 330%.
Key Confluences:
- Liquidity sweep at prior lows
- Break of structure (BOS) above LH
- Demand zone respected
- HTF trendline break
A successful retest of the breakout level could confirm the reversal and initiate a new bullish leg toward the 0.055 level — representing a potential upside of over 330%.
Key Confluences:
- Liquidity sweep at prior lows
- Break of structure (BOS) above LH
- Demand zone respected
- HTF trendline break
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