Market Outlook and Entry Strategy for UPL

Based on the daily chart structure, the current market trend is bullish, evidenced by a Break of Structure (BOS). The price has already retraced to the 70% Fibonacci level on the same timeframe, indicating a healthy pullback within the ongoing trend.

However, despite this bullish context, this is not yet an ideal high-probability entry for either swing or short-term positional trading. The reason is that there remains an unmitigated Fair Value Gap (FVG) located near an extreme order block. This inefficiency could draw price lower before a continuation move.

Recommended Strategy:
Wait for price to revisit the order block that aligns with the FVG.

Upon reaching this zone, look for confirmation via:

A Change of Character (CHoCH) or

A Flip zone formation on a lower timeframe.

Entry Confirmation:
For swing trading, monitor the 15-minute timeframe for a CHoCH or flip as confirmation.

For short-term positional entries, use the 1-hour timeframe to confirm a reversal or structure shift.

Once confirmation is observed at the order block zone, this will provide a high-probability entry aligned with the prevailing bullish trend and refined institutional order flow concepts.