MARKET ANALYSIS
• The 4-hour and 15-minute charts both show a bearish trend with lower highs and lower lows.
• Price is rejecting resistance levels and continuing downward, favoring short trades.
MARKET STRUCTURE
• The higher timeframe confirms a bearish structure with breaks below key support levels.
• The lower timeframe aligns, showing failed attempts to break resistance and sustained selling pressure.
LIQUIDITY AND TARGET AREAS
• Liquidity is above recent highs, but the focus is on liquidity below recent lows.
• Fair value gaps below the current price suggest further downside potential.
TRADE IDEA
✅ ENTRY:
Look for price to sweep liquidity near 96,500, then confirm with a strong rejection or bearish engulfing candle.
❌ STOPLOSS:
Above 96,650 (recent swing high) @ 97,100
🎯 TAKE PROFIT:
• TP1: 95,000 (support zone).
• TP2: 94,500 (fair value gap).
🚨 INVALIDATION:
If price breaks 96,800 with strong bullish momentum, exit and reassess.
Wait for confirmation—avoid chasing the move.
Enter trade at your own risk.
• The 4-hour and 15-minute charts both show a bearish trend with lower highs and lower lows.
• Price is rejecting resistance levels and continuing downward, favoring short trades.
MARKET STRUCTURE
• The higher timeframe confirms a bearish structure with breaks below key support levels.
• The lower timeframe aligns, showing failed attempts to break resistance and sustained selling pressure.
LIQUIDITY AND TARGET AREAS
• Liquidity is above recent highs, but the focus is on liquidity below recent lows.
• Fair value gaps below the current price suggest further downside potential.
TRADE IDEA
✅ ENTRY:
Look for price to sweep liquidity near 96,500, then confirm with a strong rejection or bearish engulfing candle.
❌ STOPLOSS:
Above 96,650 (recent swing high) @ 97,100
🎯 TAKE PROFIT:
• TP1: 95,000 (support zone).
• TP2: 94,500 (fair value gap).
🚨 INVALIDATION:
If price breaks 96,800 with strong bullish momentum, exit and reassess.
Wait for confirmation—avoid chasing the move.
Enter trade at your own risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.