Key Levels to Watch:
1️⃣ Demand Zone: $2,645–$2,650 (previous support or unmitigated order block).
2️⃣ Supply Zone: $2,662–$2,665 (recent resistance or breaker block).
Scenarios to Consider:
1️⃣ Bullish Continuation
If the price holds above $2,650 area and forms higher lows on M1/M5, watch for bullish momentum. If a gap is created at opening and filled you can enter too.
2️⃣ Liquidity Sweep
Price might retrace to $2,640 area, sweeping liquidity near support before resuming bullish momentum.
Wait for price to grab liquidity below $2,645 and look for reversal signs, MSS on M1 is my usually confirmation.
Targets:
For both scenario the target is $2,665 (supply zone).
If a bearish scenario take place at opening, I will not be trading right away, I will observe and re-adjust my plan.
Always wait for confirmation before entering trades and manage your risk carefully. The market can be unpredictable, so adapt as price action unfolds.
What’s your view? Feel free to share your thoughts below!