EURUSD Bullish ? Monthly FVG Reversal Setup to the Upside
Breaking down the EUR/USD setup:
Sell-Side Liquidity Raided:
Price has effectively taken out the sell-side liquidity (SSL) levels at 1.060 and 1.04482, creating the conditions for a reversal.
Monthly Fair Value Gap (FVG):
Price has tapped into the monthly FVG and, more importantly, closed above it, signaling a possible bullish reversal.
Higher Timeframe Bias:
The monthly FVG holds strong as a bullish PD array. With price rejecting this range, there’s potential for a move toward the weekly buy-side liquidity (BSL) at 1.09387.
Obstacles to Watch:
Price is approaching two high-probability bearish FVGs on the weekly timeframe. These zones could cause retracements back into the higher timeframe monthly FVG range.
Monitor these areas closely for signs of price respecting or disregarding these bearish zones.
Projection:
If price continues to disrespect the bearish FVGs and maintains bullish displacement, a continuation toward 1.09387 is likely.
Keep in mind retracements into the FVG range as healthy pullbacks during the move higher.
Conclusion:
This setup highlights a high-probability reversal scenario based on ICT concepts. However, as always, patience and confirmation are key—watch how price reacts to the bearish FVGs along the way.
Disclaimer: Always conduct your own research (DYOR) and trade responsibly.
Sell-Side Liquidity Raided:
Price has effectively taken out the sell-side liquidity (SSL) levels at 1.060 and 1.04482, creating the conditions for a reversal.
Monthly Fair Value Gap (FVG):
Price has tapped into the monthly FVG and, more importantly, closed above it, signaling a possible bullish reversal.
Higher Timeframe Bias:
The monthly FVG holds strong as a bullish PD array. With price rejecting this range, there’s potential for a move toward the weekly buy-side liquidity (BSL) at 1.09387.
Obstacles to Watch:
Price is approaching two high-probability bearish FVGs on the weekly timeframe. These zones could cause retracements back into the higher timeframe monthly FVG range.
Monitor these areas closely for signs of price respecting or disregarding these bearish zones.
Projection:
If price continues to disrespect the bearish FVGs and maintains bullish displacement, a continuation toward 1.09387 is likely.
Keep in mind retracements into the FVG range as healthy pullbacks during the move higher.
Conclusion:
This setup highlights a high-probability reversal scenario based on ICT concepts. However, as always, patience and confirmation are key—watch how price reacts to the bearish FVGs along the way.
Disclaimer: Always conduct your own research (DYOR) and trade responsibly.
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