Analysis :

Market Structure

The price is still in a clear downtrend, respecting the descending trendline (acting as dynamic resistance).

No major Break of Structure (BOS) to the upside, meaning the bearish trend remains intact.

Price has been making lower highs (LH) and lower lows (LL), confirming bearish order flow.

Supply & Demand Zones

• Supply Zone (Bearish Order Block - OB)
  
• Around 102.800 - 103.200, aligning with the descending trendline.
  
• If price taps this area and rejects, it will confirm further downside.
  

Demand Zone (Bullish Order Block - OB)

• Around 101.500 - 101.000, a strong reaction zone where buyers may step in.
  
• If price sweeps liquidity below this level and rebounds, we could see a bullish push.
  

Key Supply & Demand Zones

• Supply Zone (Bearish Order Block - OB)
• Around 102.800 - 103.200, aligning with the descending trendline.
• If price taps this area and rejects, it will confirm further downside.
• Demand Zone (Bullish Order Block - OB)
• Around 101.500 - 101.000, a strong reaction zone where buyers may step in.
• If price sweeps liquidity below this level and rebounds, we could see a bullish push.

Trading Plan

• Bullish Setup (Best Trade)
• Entry: If price sweeps below 101.000 and reclaims the demand zone with a strong bullish reaction.
• Target:
• First TP: 102.500 (mitigation zone)
• Final TP: 103.000 (trendline retest)
• Stop Loss: Below 100.800
• Risk-to-Reward (RR): Minimum 1:2

Bearish Setup

• Entry: If price taps into the 102.800 - 103.200 supply zone.
• Target:
• First TP: 102.000
• Final TP: 101.500 - 101.000 (sell-side liquidity)
• Stop Loss: Above 103.500
• Risk-to-Reward (RR):Minimum 1:2

Happy Trading!