EUR/USD (4H Timeframe) AnalysisEUR/USDOANDA:EURUSDwizzywise1 🔍 Key Observations** 1️⃣ Market Structure** - The market has been in a clear **bullish trend**, with multiple **BOS (Break of Structure) levels** confirming higher highs and higher lows. - **CHOCH (Change of Character)** to the upside suggests a shift from a previous bearish sentiment to a bullish one. - The price is currently in a **retracement phase** after hitting a short-term high. --- 2️⃣ Supply & Demand Zones** - **Premium Zone (Above 1.05782)**: - A **strong supply zone** is present in the premium pricing area. - If price pushes into this area, it could act as a **reversal zone** for short opportunities. - **Discount Zone (Below 1.03000)**: - A strong **demand zone** exists in the lower region. - If price retraces into this zone, it could be a high-probability long entry. --- 3️⃣ Liquidity Considerations** - **Previous Day's High (PDH) & Previous Day's Low (PDL)**: - **PDH is acting as resistance**, meaning liquidity could be resting above this level. - **PDL is a key area to watch**, as price might drop below it to grab liquidity before continuing higher. - **Potential Liquidity Grab**: - If price sweeps the **PDH**, it could induce **short positions** from late buyers before reversing downward. - Alternatively, if price taps into the **PDL** or equilibrium zone, it might induce buy orders before rallying again. --- 4️⃣ Trade Setup Refinement** 📌 Bullish Scenario** - **Entry Zone:** Between **1.0430 - 1.0460** (Near PDL & Equilibrium). - **Stop Loss (SL):** Below **1.0400** to protect against deeper pullbacks. - **Take Profit (TP):** Around **1.05782**, aligning with the **premium zone & supply area**. - **Risk-Reward Ratio:** **1:3+**, making it a high-probability trade. 📌 Bearish Scenario (If Price Breaks Below PDL)** - If **PDL is broken and price fails to bounce**, it could indicate a move toward the **discount zone (~1.03000)**. - A bearish confirmation (such as a BOS to the downside) would suggest further downside. Final Thoughts ✅ **Primary Bias:** Bullish, expecting a dip into the **equilibrium zone (~1.0430)** before resuming upward. ✅ **Alternative Bias:** If price breaks **below 1.0400**, the next buy zone is **1.03000 or lower**. ✅ **Trade Plan:** Watch for a liquidity grab at **PDL** before confirming a long entry.