Liquidity Sweep Before Smart Money Reversal

The chart reflects a clear bearish market structure after price experienced a strong rejection from the premium supply zone near the highs. Following the impulsive bullish expansion, sellers regained control and pushed the market into a corrective decline marked by consistent lower highs and lower lows.
Price is now approaching a critical support and liquidity area resting just above the major demand zone. The highlighted consolidation suggests possible seller exhaustion, while the repeated reactions near support indicate that smart money may be accumulating positions before a potential bullish reversal.
The projected upside target aligns with an important supply and imbalance zone around 1.1740–1.1750, where price could seek liquidity if buyers successfully defend the current support region. A strong reaction from this level could trigger a recovery rally and short-term shift in momentum.
Overall, the higher-timeframe structure remains cautious, but the current discount zone creates a high-probability setup for a liquidity sweep followed by bullish expansion toward the marked target area.