🔍 1H Structure Recap:
BOS at $3205, followed by a bearish drop to $3120
CHoCH at $3193 signaled a potential shift
We marked a demand zone at $3120–$3140, expecting a buy reaction
🔍 4H Expanded View (Current Chart):
Price gave us a CHoCH, indicating the break of the bullish structure
A clear Supply Zone formed at $3260–$3285
Price recently tapped this zone and got rejected, confirming supply dominance
There’s a larger demand zone around $2950–$3000, which price could target if bearish pressure continues
⚠️ What This Tells Us:
✅ The market is now bearish on the higher timeframe (4H), even though short-term (1H) showed a bullish correction
✅ The supply zone held strong, rejecting price and keeping the bearish trend intact
✅ There’s no strong bullish BOS on 4H yet, so we focus on selling from premium zones
🔮 Trade Outlook:
🔽 Sell Setup (High Probability):
Wait for price to revisit the $3260–$3285 supply zone
Look for rejection or bearish confirmation patterns (like bearish engulfing or M-patterns)
TP levels:
First target: $3120 (1H demand)
Final target: $3000–$2950 (4H demand zone)
🔼 Buy Setup (Lower Probability unless structure shifts):
If price breaks $3285 and forms BOS on 4H, we shift bias to bullish
Then wait for a retest to go long
🎯 Key Levels:
Supply Zone: $3260–$3285
Demand Zone (1H): $3120–$3140
Demand Zone (4H): $2950–$3000
CHoCH Confirmation: Already printed – market is in a correction or downtrend
📌 Summary:
Stay with the bearish bias until structure tells us otherwise. The supply zone is in control for now. Smart traders are patient – let price come to your zone and react.
BOS at $3205, followed by a bearish drop to $3120
CHoCH at $3193 signaled a potential shift
We marked a demand zone at $3120–$3140, expecting a buy reaction
🔍 4H Expanded View (Current Chart):
Price gave us a CHoCH, indicating the break of the bullish structure
A clear Supply Zone formed at $3260–$3285
Price recently tapped this zone and got rejected, confirming supply dominance
There’s a larger demand zone around $2950–$3000, which price could target if bearish pressure continues
⚠️ What This Tells Us:
✅ The market is now bearish on the higher timeframe (4H), even though short-term (1H) showed a bullish correction
✅ The supply zone held strong, rejecting price and keeping the bearish trend intact
✅ There’s no strong bullish BOS on 4H yet, so we focus on selling from premium zones
🔮 Trade Outlook:
🔽 Sell Setup (High Probability):
Wait for price to revisit the $3260–$3285 supply zone
Look for rejection or bearish confirmation patterns (like bearish engulfing or M-patterns)
TP levels:
First target: $3120 (1H demand)
Final target: $3000–$2950 (4H demand zone)
🔼 Buy Setup (Lower Probability unless structure shifts):
If price breaks $3285 and forms BOS on 4H, we shift bias to bullish
Then wait for a retest to go long
🎯 Key Levels:
Supply Zone: $3260–$3285
Demand Zone (1H): $3120–$3140
Demand Zone (4H): $2950–$3000
CHoCH Confirmation: Already printed – market is in a correction or downtrend
📌 Summary:
Stay with the bearish bias until structure tells us otherwise. The supply zone is in control for now. Smart traders are patient – let price come to your zone and react.
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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.