EUR/GBP (30M) : Reclaim of Major S/R With Strong Bullish ZoneEuro/British PoundFX:EURGBPGoldMasterTradesEUR/GBP (30M) : Reclaim of Major S/R With Strong Bullish Zone The pair recently printed a strong bullish impulse leg, breaking above prior consolidation and establishing short-term bullish structure. After topping near 0.8790, price retraced sharply back into a previously respected horizontal level. That level is now acting as a Major Support & Resistance flip zone around 0.8750–0.8760. This is not just a random pullback — it’s a structural retest. 2️⃣ Market Structure Breakdown Let’s break the sequence down: Strong bullish breakout from range Formation of higher highs Exhaustion wick at the top Aggressive bearish retracement Return to prior breakout base Currently, price is sitting inside the highlighted demand area where previous buyers initiated the impulsive move. Structurally, this is a bullish continuation retest unless invalidated. 3️⃣ Major S/R Flip Zone (0.8750 Area) This horizontal band has acted as: Prior resistance Breakout level Current retest support Key concept here: Old resistance becomes new support. If the market respects this level, it confirms buyers are defending the breakout. If it fails, the breakout becomes a fake move. This is a high-decision liquidity area. 4️⃣ Volume Burst Concept The chart highlights “Volume Burst” within the demand zone. Why this matters: After a sharp retracement, strong continuation requires renewed participation. For confirmation, look for: Increased bullish volume on 30M candles Strong body closes above minor intraday structure Rejection wicks below 0.8750 Without volume expansion, price may consolidate instead of expanding upward. 5️⃣ Confirmation Trigger The “Confirmation” label is placed slightly above current structure. Bullish confirmation requires: Break above short-term lower high Close above 0.8760–0.8765 Momentum continuation with volume That would shift structure back to higher highs and higher lows on this timeframe. 6️⃣ Bullish Scenario (Primary Bias) If the level holds and confirmation prints: 📈 Upside Targets: 0.8775 – Minor resistance 0.8790 – Recent swing high 0.8800 – Psychological round number This would represent a classic: Impulse → Retracement → Continuation pattern. 7️⃣ Bearish Invalidation Scenario If price: Closes decisively below 0.8745 Breaks and holds under support Fails to reclaim quickly Then the structure shifts toward bearish correction. 📉 Downside Targets: 0.8730 0.8715 liquidity pocket Prior consolidation base A failed breakout often leads to accelerated downside. 8️⃣ Liquidity Perspective Notice the equal lows forming during the retracement. These equal lows hold stop-loss liquidity. Two possible smart money outcomes: Sweep below 0.8750 → Immediate reclaim → Bullish expansion Clean break and continuation lower Watching the reaction after any liquidity sweep is critical. 9️⃣ Psychological Context This is a textbook trap zone: Late buyers trapped at highs Early shorts selling into support Institutions accumulating at breakout base High probability expansion areas are born from compression + liquidity. This zone currently represents that environment. 🔎 Trade Concept (Educational Only) Conservative Approach: Wait for 30M bullish break of structure above 0.8765 Target 0.8790 Invalidate below 0.8745 Aggressive Approach: Entry within demand zone Tight stop under liquidity sweep Target prior highs Risk management is essential in lower timeframes.