🔵 SUPPLY ZONE (Resistance Area)
💥 Strong selling area around 85,800 - 87,800 USD
Historically, price got rejected here
Expect sellers to step in again
✍️ ENTRY POINT
📍 Just below the supply zone (~85,889.89)
Ideal for short position setup
Watch for bearish candlestick patterns for confirmation
🛑 STOP LOSS
❌ Placed above the supply zone at 87,796.97
Keeps risk under control if breakout happens
🎯 TARGET POINT (Support Area)
📉 Around 78,000 USD
Marked by previous support and structure
Great Risk-to-Reward ratio
📐 PATTERN WATCH
Looks like a harmonic pattern (maybe Gartley or Bat) 🦇
Suggests reversal from point D
Also resembles a rising wedge, which is bearish
📊 EMA (9-period)
🧭 Price hovering above the 9 EMA (84,704)
A break below it = bearish confirmation
Summary
🔻 Bearish bias
🛒 Short near supply zone
❌ SL above 87,800
🎯 TP around 78,000
💥 Strong selling area around 85,800 - 87,800 USD
Historically, price got rejected here
Expect sellers to step in again
✍️ ENTRY POINT
📍 Just below the supply zone (~85,889.89)
Ideal for short position setup
Watch for bearish candlestick patterns for confirmation
🛑 STOP LOSS
❌ Placed above the supply zone at 87,796.97
Keeps risk under control if breakout happens
🎯 TARGET POINT (Support Area)
📉 Around 78,000 USD
Marked by previous support and structure
Great Risk-to-Reward ratio
📐 PATTERN WATCH
Looks like a harmonic pattern (maybe Gartley or Bat) 🦇
Suggests reversal from point D
Also resembles a rising wedge, which is bearish
📊 EMA (9-period)
🧭 Price hovering above the 9 EMA (84,704)
A break below it = bearish confirmation
Summary
🔻 Bearish bias
🛒 Short near supply zone
❌ SL above 87,800
🎯 TP around 78,000
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
Related publications
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.
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
Related publications
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.