The broader structure is still influenced by the previous bearish move, but currently we see a clear bullish reaction from discount (PDL), supported by internal CHoCH + BOS confirmations.
Price has reclaimed the key 69.4–69.8 zone, suggesting a potential intraday continuation move toward higher liquidity areas.
However:
price remains below EMA200 → higher timeframe trend not fully bullish
current move should be treated as a retracement / expansion into supply
🔍 Current context:
✔️ Reaction from discount / liquidity sweep
✔️ Bullish CHoCH + BOS (internal)
✔️ Reclaim above PDL (69.4)
⚠️ Below EMA200
⚠️ Major supply at 73.3 – 74.0
🎯 Main scenario (Bullish intraday):
As long as price holds:
69.4 – 69.8
Expected continuation toward:
72.4
73.3 – 74.0 (major supply zone)
🔴 Invalidation:
Break below 69.4
Strong bearish continuation below 68.15
🧠 Conclusion:
➡️ Short-term momentum is bullish
➡️ But this is likely a move into supply, not a full reversal
➡️ Upper zones may offer reaction / sell opportunities