1. **IRL FVG (Fair Value Gap) Zone**:
* Price has tapped into a major FVG labeled “IRL FVG.”
* Strong bullish reaction from that area suggests potential accumulation or mitigation.
2. **Market Structure**:
* There was a sharp bearish move right after taking liquidity above the "Initial Expansion Targets."
* After the drop, price begins to show potential bullish structure (possible market structure shift with bullish engulfing candle).
3. **Key POI (Point of Interest)**:
* A possible buy entry is marked with a ❤️ right after the bearish impulse, likely indicating a confluence of FVG + breaker/block + liquidity grab.
* There is also a visible **candle body gap** being partially filled.
4. **Likely Scenario**:
* If price holds above the grey FVG zone, we could see bullish continuation toward higher inefficiencies or unfilled targets.
* Buyers seem to have stepped in after a liquidity sweep, indicating short-term bullish momentum.
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### 🧠 **Conclusion (Bias)**
* **Short-term bias**: 🔼 **Moderately bullish**, as long as price holds above the IRL FVG and local FVG.
* **Potential targets**: Retest of the -1 level or higher (-2), depending on bullish follow-through.
* **Invalidation**: A clean break below the 1.597 level (marked at the bottom) would likely invalidate the bullish idea.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.