EURUSD M15 TF Analysis

Key Observations:

1. Market Structure Shift (MSS):
   • A clear MSS is identified, indicating a potential reversal from a previous bearish trend.
2. Order Block (OB):
   • A bullish OB is marked in the demand zone (green area), suggesting a significant area where institutional orders might have been placed.
3. Liquidity Grab ($$$):
   • Liquidity below the trendline and within the demand zone has likely been targeted, setting the stage for a bullish reversal.
4. Trendline Break:
   • A tentative bullish trendline is forming, providing additional confirmation of upward momentum.
5. Projected Movement:
   • The forecast shows a pullback into the OB, followed by a strong bullish continuation toward higher levels.

Potential Trade Setups:

Bullish Setup:

1. Entry:
   • Look for price retracement into the marked OB zone (around 1.0250–1.0260).
   • Wait for bullish confirmation patterns on lower time frames (e.g., M5), such as engulfing candles, pin bars, or breakouts of minor highs.
2. Stop Loss:
   • Place the stop loss slightly below the OB zone (around 1.0240) to account for potential wicks or stop hunts.
3. Take Profit:
   • Target resistance levels at 1.0310 and 1.0340 for a favorable risk-to-reward ratio.

Risk Management and Tips:

1. Risk-Reward Ratio:
   • Aim for a minimum 1:2 or higher risk-reward ratio.
2. Refinement on Lower Time Frames:
   • Fine-tune entries using smaller time frames (M5 or M1) for precision.
3. Monitor Key Levels:
   • Watch for reactions at intermediate resistance levels (e.g., 1.0290).
4. Economic Events:
   • Be cautious of high-impact news affecting EUR or USD, as they can cause unexpected volatility

Alternative Scenario:

1. If the OB fails to hold and price breaks below, reconsider the bias and look for bearish setups targeting lower support levels.