Key Supply Zones to Watch for Short Opportunities:
3170–3175 Zone:
→ Strong supply area.
→ If price rejects this zone with confirmation (e.g., bearish engulfing, M5/M15 BOS or CHoCH), enter sell.
3150–3155 Zone:
→ Mid-level supply.
→ If price fails to reach 3170 and breaks below this level, wait for a break & retest of this zone for potential sell entries.
📉 Trade Signal (Sell Bias):
Scenario 1 – Rejection at 3170–3175:
Sell Entry: On confirmation at 3170–3175
SL: Above 3178
TP1: 3155
TP2: 3145
TP3: 3125 (final target – next demand zone)
Scenario 2 – Break of 3150–3155:
Sell Entry: On retest of 3150–3155 zone after breakdown
SL: Above 3160
TP1: 3135
TP2: 3125
✅ Confirmation Tools:
Candlestick pattern (e.g., bearish engulfing / M15 BOS)
Lower timeframe structure shift (M5-M15 CHoCH)
Volume spike or momentum fade at zone
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3170–3175 Zone:
→ Strong supply area.
→ If price rejects this zone with confirmation (e.g., bearish engulfing, M5/M15 BOS or CHoCH), enter sell.
3150–3155 Zone:
→ Mid-level supply.
→ If price fails to reach 3170 and breaks below this level, wait for a break & retest of this zone for potential sell entries.
📉 Trade Signal (Sell Bias):
Scenario 1 – Rejection at 3170–3175:
Sell Entry: On confirmation at 3170–3175
SL: Above 3178
TP1: 3155
TP2: 3145
TP3: 3125 (final target – next demand zone)
Scenario 2 – Break of 3150–3155:
Sell Entry: On retest of 3150–3155 zone after breakdown
SL: Above 3160
TP1: 3135
TP2: 3125
✅ Confirmation Tools:
Candlestick pattern (e.g., bearish engulfing / M15 BOS)
Lower timeframe structure shift (M5-M15 CHoCH)
Volume spike or momentum fade at zone
Kindly follow, comment, like and share.
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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.
✅Free Telegram
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
t.me/+6YQX9c4-BiQ2M2M8
Twitter 👇
twitter.com/QuinnGoldTrader
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.