Liquidity Sweep Analysis: Bullish Reversal Toward the Daily Gap
The chart highlights a potential bullish trading setup following a liquidity sweep below the previous day's low.
The chart highlights a potential bullish trading setup following a liquidity sweep below the previous day's low.
EUR/USD 4-hour chart showing bullish trendline breakdown, next sell zone and price target.
GBPUSD is consolidating inside a contracting triangle structure, with price approaching the lower trendline support. A confirmed bearish breakdown below the triangle can open the way toward the marked downside target zones. 1.3580 is the first key reaction area, while a stronger continuation could extend toward 1.3555–1.3535.
The GBP/USD pair on the m30 timeframe presents a Potential selling Opportunity due to a recent Formation of a Head and Shoulder Pattern. This suggests a shift in momentum towards the downside in the coming hours.
What are your thoughts on USDJPY? Following intervention by the Bank of Japan, USD/JPY experienced a sharp decline from around 164.00 to 155.00, breaking below both the ascending trendline and the key 160.00 support zone.
USD/CHF is showing signs of a potential bullish reversal after forming an inverse Head & Shoulders structure around the 0.7950–0.7990 demand area.