Currently testing the #4h Break of Structure (BOS) zone — a critical area for a potential breakout.
🎯 Base scenario:
— Bullish pattern forming right at the BOS zone.
— A clean breakout and acceptance above BOS would signal the start of a new impulsive leg.
— If confirmed, the next target zone is $2.54–$2.68 (0.618–0.75 fib extension).
🛎️ Set alerts above BOS and monitor for a strong bullish candle close.
🛡️ Invalidation: Failure to hold above BOS, with price returning below without confirmation.
💬 A confirmed BOS breakout on
Stay sharp around this zone.
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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.
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.