a comprehensive trading strategy.
## **1. Market Structure Overview (Multi-Timeframe)**
### **M30 (30-Minute Chart)**
- **Equilibrium Zone (~$2,870 - $2,875)** is being tested.
- **Previous Day Low (PDL) ~$2,825 is intact**.
- **Minor bullish CHoCH (Change of Character) observed**, suggesting a possible retracement.
### **H1 (1-Hour Chart)**
- **Bearish Break of Structure (BOS) confirms continued downside bias**.
- **Premium Zone (~$2,920 - $2,950) remains a strong resistance**.
- **Retracement to equilibrium ($2,875 - $2,885) is likely before further downside**.
### **H4 (4-Hour Chart)**
- **Price rejected from the previous weak low (~$2,825)**.
- **Liquidity grab occurred, but market remains bearish**.
- **Potential retest of previous support at $2,885 - $2,900 before continuing down**.
### **D1 (Daily Chart)**
- **Strong BOS confirmed bearish sentiment**.
- **Premium rejection zone ~$2,950 remains strong**.
- **If price stays below $2,900, further downside to $2,800 - $2,780 is possible**.
---
## **2. Expected Scenarios & Probability**
### **Scenario 1: Bearish Continuation (70% Probability)**
- If price **rejects $2,880 - $2,885**, the downtrend is expected to continue.
- **Target: $2,840 - $2,825**.
- **Confirmation:** A bearish candlestick formation in the **$2,875 - $2,885 zone**.
### **Scenario 2: Short-Term Bullish Retracement (30% Probability)**
- If price holds above **$2,860**, a short-term retracement to **$2,900 - $2,920** may occur.
- **Target: $2,900 - $2,920** before another decline.
- **Confirmation:** A **bullish breakout above $2,875**.
---
## **3. Trading Plan**
### **Sell Setup: (Primary Trade - 70% Probability)**
- **Entry:** $2,875 - $2,885.
- **SL:** $2,905 (Above resistance).
- **TP1:** $2,850 (First liquidity level).
- **TP2:** $2,840 (Weak low).
- **TP3:** $2,825 (Major demand zone).
- **Risk-Reward Ratio:** 1:4.
### **Buy Setup: (Countertrend - 30% Probability)**
- **Entry:** $2,860 - $2,865.
- **SL:** $2,850 (Below weak low).
- **TP1:** $2,880 (Short-term equilibrium).
- **TP2:** $2,900 (Key supply zone).
- **Risk-Reward Ratio:** 1:3.
---
## **4. Final Trade Execution Summary:**
| Trade Type | Entry | Stop-Loss | Take-Profit 1 | Take-Profit 2 | Take-Profit 3 | R:R |
|------------|------|-----------|---------------|---------------|---------------|-----|
| **Sell Setup** | $2,875 - $2,885 | $2,905 | $2,850 | $2,840 | $2,825 | 1:4 |
| **Buy Setup** | $2,860 - $2,865 | $2,850 | $2,880 | $2,900 | - | 1:3 |
---
## **📌 Additional Execution Tips:**
- **Use M5/M15 for precise entries.**
- **Wait for confirmation candles before entering.**
- **Avoid entering trades during high-impact news releases.**
- **Risk per trade:** 1-2% of capital for optimal drawdown control.
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.
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.