EURUSD – Intraday Bullish Reversal Setup Toward 1.1700EUR/USDOANDA:EURUSDazmi12321EURUSD – Intraday Bullish Reversal Setup Toward 1.1700 (Big Round Number Target) 📌 Market Context (1H Chart) Price has completed a liquidity sweep beneath the prior swing low, tapping sell‑side liquidity and immediately rejecting upward. This reaction created a clear CHoCH (Change of Character), indicating that bearish order flow has weakened and buyers are beginning to step back in. Following the sweep, price formed a Higher High, confirming early bullish intent and suggesting that the previous intraday downtrend is transitioning into a temporary bullish phase. At the same time, the chart shows a defined QML (Quasimodo Level) – a strong structural demand zone that often acts as the origin of reversal moves. 📈 Trade Thesis This structure supports a bullish intraday continuation toward the big round number 1.1700, which often acts as a magnet for price due to high liquidity clustering around psychological levels. Liquidity Sweep – Institutions grab sell‑side liquidity CHoCH Up – Shift in intraday order flow Higher High Formed – Confirmation that bullish momentum is attempting to take control QML Support Zone – Expected retest area for continuation Clear upside imbalance and clean traffic toward 1.1700 🔥 Trade Plan Long Bias – Looking for Bullish Continuation Entry Criteria: Retracement back into QML demand zone Evidence of bullish rejection (engulfing candle / displacement candle / BOS on lower timeframe) Entry Zone: Anywhere within the QML block, ideally at the unmitigated portion of the structure Targets: TP1: Fill imbalance toward mid‑range TP2 (Main Target): 1.1700 Big Round Number High liquidity zone Strong psychological level Aligns with projected arrow path on the chart Stop Loss: Below liquidity sweep low Invalidation if price breaks below the QML and closes strongly under the swept low ⚠️ Risk Management & Invalidations If price breaks below the sweep low, the buy‑side setup becomes invalid. If CHoCH fails and price prints new lower lows, shift to neutral and reassess. Avoid chasing if price impulsively pushes toward 1.1700 without a pullback. 📌 Summary The structure suggests smart‑money accumulation, a bullish order‑flow shift, and a high‑probability push toward 1.1700. Waiting for the retracement into QML before entering increases the probability of catching the institutional continuation leg.