Market Structure Shift & Break of Structure (CHoCH & BOS):

The recent upward move achieved a CHoCH followed by a clear BOS above minor highs, confirming that the current momentum is bullish on the 4-hour (4H) timeframe.

Targeting the nearby Weak High as an initial objective is very logical as price seeks to draw liquidity from it.

Supply Zone & OTE (Optimal Trade Entry):

Defining the OTE Zone (0.705 - 0.79 FBO) between 4,600 – 4,700 is a professional choice. It overlaps with a major previous Supply Zone (Order Block) that caused a strong drop, aligning with golden Fibonacci retracement levels.

Approaching the OTE Zone:

The projected bullish path toward the 4,600 – 4,650 zone is solid. However, keep an eye out for any Fair Value Gap (FVG) forming during the current rally to find potential retracement buy entries on the way up to the main supply zone.

Price Action at the OTE Zone:

Once price reaches the OTE zone (4,600 – 4,700), avoid selling blindly upon contact. Wait for lower timeframe confirmation (15M / 1H), such as a LTF CHoCH or Liquidity Grab within the zone, to optimize your risk-to-reward ratio and keep a tight stop loss.


Conclusion
The overall macro scenario (bullish continuation to sweep liquidity and test the OTE zone, followed by a bearish rejection from supply) is built on very sound technical foundations. The structural mapping and markings are top-notch.

Good luck to everyone.


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