Timeframe: 1H
Strategy: SMC | Trendline Break | Supply & Demand | EMA Rejection
Idea:
Price broke the ascending trendline and retested the structure zone (former demand now acting as supply). Currently consolidating just below that zone — setting up for a potential continuation to the downside.
Confluences:
• Trendline break ✔️
• Retest of lower high structure ✔️
• RSI still under 50, momentum bearish ✔️
• Price sitting on liquidity zone ✔️
• 50 & 200 EMA rejection ✔️
Bearish Bias Until Proven Otherwise
Strategy: SMC | Trendline Break | Supply & Demand | EMA Rejection
Idea:
Price broke the ascending trendline and retested the structure zone (former demand now acting as supply). Currently consolidating just below that zone — setting up for a potential continuation to the downside.
Confluences:
• Trendline break ✔️
• Retest of lower high structure ✔️
• RSI still under 50, momentum bearish ✔️
• Price sitting on liquidity zone ✔️
• 50 & 200 EMA rejection ✔️
Bearish Bias Until Proven Otherwise
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.