After a strong impulse from buyers, we saw exhaustion near the highs. Price retraced to a major support zone, but instead of a strong bounce, we got a tight, controlled accumulation range.
the higher timeframe, i.e 4H is in a strong downmove
What’s interesting is the structure within that box: the breakout attempts are weak, volatility is contracting, and there’s a noticeable lack of bullish follow-through—just coiling.
Smart money doesn’t chase—they trap. This triangle near key support is exactly where larger players hide intentions behind "indecision." But to me, the silence screams. This doesn’t look like preparation for a markup—it feels like a setup for distribution under the disguise of consolidation.
I’m anticipating a sellers' takeover.
Entry Idea: Short on breakdown of triangle structure or on a faker as shown on the chart
Stop: Above false breakout wick
Target: Near 0.80408 (based on prior imbalance + clean levels below)
Risk-reward speaks for itself.
Let’s see if the tape reveals what I believe it’s been hiding in plain sight.
the higher timeframe, i.e 4H is in a strong downmove
What’s interesting is the structure within that box: the breakout attempts are weak, volatility is contracting, and there’s a noticeable lack of bullish follow-through—just coiling.
Smart money doesn’t chase—they trap. This triangle near key support is exactly where larger players hide intentions behind "indecision." But to me, the silence screams. This doesn’t look like preparation for a markup—it feels like a setup for distribution under the disguise of consolidation.
I’m anticipating a sellers' takeover.
Entry Idea: Short on breakdown of triangle structure or on a faker as shown on the chart
Stop: Above false breakout wick
Target: Near 0.80408 (based on prior imbalance + clean levels below)
Risk-reward speaks for itself.
Let’s see if the tape reveals what I believe it’s been hiding in plain sight.
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.