The daily demand zone is acting as a base in this emerging bullish market, as price failed to break below. We have two broken structures, followed by a sell-side liquidity sweep that cleared the swing high, providing displacement.
Trade Idea:
- Entry: Buy at the demand zone around 0.81500 - Stop Loss: Below the demand zone around 0.81300 - Target: 0.82300, based on the broken structures and liquidity sweep - Risk Management: Position sizing and stop-loss levels should be adjusted according to individual risk tolerance