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 69.4ā69.8 zone, suggesting a potential intraday continuation move toward higher liquidity areas.
However:
price remains below EMA200 ā higher timeframe trend not fully bullish
current move should be treated as a retracement / expansion into supply
š Current context:
āļø Reaction from discount / liquidity sweep
āļø Bullish CHoCH + BOS (internal)
āļø Reclaim above PDL (69.4)
ā ļø Below EMA200
ā ļø Major supply at 73.3 ā 74.0
šÆ Main scenario (Bullish intraday):
As long as price holds:
69.4 ā 69.8
Expected continuation toward:
72.4
73.3 ā 74.0 (major supply zone)
š“ Invalidation:
Break below 69.4
Strong bearish continuation below 68.15
š§ Conclusion:
ā”ļø Short-term momentum is bullish
ā”ļø But this is likely a move into supply, not a full reversal
ā”ļø Upper zones may offer reaction / sell opportunities