Take Profit Levels: TP1: 2.0360 TP2: 2.20 TP3: 2.50
Stop Loss: 1.75
Price is currently retracing into a prior value area following a corrective pullback from recent highs. The outlined entry range aligns with a short-term demand zone where previous downside momentum slowed, suggesting potential for a reaction if buyers continue to defend this region.
From a structural standpoint, the broader trend remains intact, while the current move appears corrective rather than impulsive. This setup is based on a potential rotation back toward higher liquidity levels rather than immediate trend acceleration.
The take-profit levels correspond to prior reaction and supply zones where partial de-risking is typically justified. Upside continuation beyond these levels would require renewed participation and acceptance above recent structure.
Invalidation is clearly defined below the stop level. A failure to hold this support would signal a shift in short-term structure and negate the long thesis.
Risk management remains central, particularly given the leverage context. Position sizing should remain conservative, and execution should prioritize discipline and adaptability. This is a tactical, structure-driven setup rather than a long-term directional position.