Decision Point In Play, Breakout or Breakdown?

Price is currently consolidating above a key support zone, approaching a critical Decision Point. The market structure shows a prior CHoCH and BOS, signaling potential bullish intent, but momentum has slowed.


Two potential outcomes:

Bullish Case: A breakout above the descending trendline and Decision Point could trigger a move toward the Weak High and higher.

Bearish Case: Rejection from this zone may lead to a liquidity grab, with price targeting the Order Block (OB) near 0.79300, sitting above a strong low.

Watching for a confirmed reaction at the Decision Point to determine directional bias. Stay patient and wait for price action confirmation.