4H Supply Zone (3367.55 area): Price has rejected from here multiple times (highlighted with red arrows).
4H Demand Zone (3260.25 area): Price has also rejected upwards (green arrows) from here.
Current Structure:
Price is stuck between supply and demand, inside a 4H consolidation zone.
There’s a 1H resistance currently being tested (~3308 area).
Trading Plan Outlined:
If price breaks and retests above the 1H resistance → Look for buys toward 3365.
If price rejects at 1H resistance → Look for sells down toward 3268.
EMA Setup: Blue (9 EMA) and Orange (likely 50 EMA) are being used for momentum cues.
4H Demand Zone (3260.25 area): Price has also rejected upwards (green arrows) from here.
Current Structure:
Price is stuck between supply and demand, inside a 4H consolidation zone.
There’s a 1H resistance currently being tested (~3308 area).
Trading Plan Outlined:
If price breaks and retests above the 1H resistance → Look for buys toward 3365.
If price rejects at 1H resistance → Look for sells down toward 3268.
EMA Setup: Blue (9 EMA) and Orange (likely 50 EMA) are being used for momentum cues.
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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.