🔍 Smart Money Concept | ICT Methodology
EUR/USD continues to follow a well-defined bullish parallel channel 📈 after rebounding from a key order block. Current structure suggests accumulation and potential for another bullish leg if critical levels are breached.
🧠 Technical Structure Breakdown:
✅ Price is currently holding above the order block support (OB zone) near 1.1590.
🔁 Channel midline respected multiple times — showing bullish order flow.
🔄 OB tested & held → confirmation of demand zone activation.
🎯 Key Zones & Potential Scenarios:
🔼 If price enters the OB resistance at 1.1717–1.1756, then a rally toward 🔹1.1800 is highly probable.
🟩 Strong support seen at 1.1590–1.1604 zone — bullish bias intact above this level.
🔻 If price breaks below 1.1590, we may see bearish pressure retest 📉 1.1530 or even 1.1400 as deeper liquidity zones.
🚨 Currently watching for:
🔹 Channel continuation toward upper boundary
🔹 Reaction to OB zone near 1.1717 for breakout confirmation
⚠️ Disclaimer: This is not financial advice. The analysis presented here is based on personal interpretation and is for educational purposes only.
EUR/USD continues to follow a well-defined bullish parallel channel 📈 after rebounding from a key order block. Current structure suggests accumulation and potential for another bullish leg if critical levels are breached.
🧠 Technical Structure Breakdown:
✅ Price is currently holding above the order block support (OB zone) near 1.1590.
🔁 Channel midline respected multiple times — showing bullish order flow.
🔄 OB tested & held → confirmation of demand zone activation.
🎯 Key Zones & Potential Scenarios:
🔼 If price enters the OB resistance at 1.1717–1.1756, then a rally toward 🔹1.1800 is highly probable.
🟩 Strong support seen at 1.1590–1.1604 zone — bullish bias intact above this level.
🔻 If price breaks below 1.1590, we may see bearish pressure retest 📉 1.1530 or even 1.1400 as deeper liquidity zones.
🚨 Currently watching for:
🔹 Channel continuation toward upper boundary
🔹 Reaction to OB zone near 1.1717 for breakout confirmation
⚠️ Disclaimer: This is not financial advice. The analysis presented here is based on personal interpretation and is for educational purposes only.
📊 Forex & Gold Signals & Analysis:
t.me/Elitefxsignalls
t.me/Elitefxsignalls
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.
📊 Forex & Gold Signals & Analysis:
t.me/Elitefxsignalls
t.me/Elitefxsignalls
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.