Despite the current bearish structure and descending trendline, this setup favors a buy after a controlled drop into key demand. Price is expected to sweep liquidity below the 75.60–74.80 support zone, potentially triggering stops before moving lower into the 72.50–73.00 major demand/order block.
This lower zone is the high-probability area for bullish reaction, as it previously acted as the base for a strong impulsive move. A sharp rejection, bullish engulfing candles, or increased volume from this region would confirm buyer interest.
Wait for price to dip into 72.50–73.00 demand zone
Look for confirmation (rejection wicks, structure shift on lower timeframe)
Enter long after confirmation, not blindly
Upside Targets:
First target: 75.60–76.00 (support turned resistance)
Second target: 78.00–78.50 (trendline area)
Final target: 80.00–81.00 (major resistance zone)