Trade Ideas:
1. Bearish Setup (if price stays below resistance zones)
Sell Zone: 3350–3377 (Daily + 4H resistance cluster)
Entry: Look for bearish candlestick patterns (like engulfing, pin bars) around 3350–3370.
Stop Loss: Above 3377 (safe distance, maybe 3385).
Take Profit 1: 3275 (Day support)
Take Profit 2: 3265–3243 (next support zones)
2. Bullish Setup (if price holds support and shows strength)
Buy Zone: 3265–3276 (4H and Day Support)
Entry: Wait for bullish confirmation (strong bullish candle, or bullish divergence).
Stop Loss: Below 3260 (like 3255 or lower).
Take Profit 1: 3337–3350 (Minor resistance)
Take Profit 2: 3377 (4H resistance top)
Notes
Watch carefully
If 3265 breaks cleanly, expect a deeper drop toward 3005–3024 (Weekly support).
If 3377 breaks strongly, bulls could push toward 3424–3435 or even 3503 (Monthly resistance).
Volume confirmation is important — watch for increasing volume on breakouts.
Use EMA 50/200 crossovers for intraday confirmation if you scalp.
1. Bearish Setup (if price stays below resistance zones)
Sell Zone: 3350–3377 (Daily + 4H resistance cluster)
Entry: Look for bearish candlestick patterns (like engulfing, pin bars) around 3350–3370.
Stop Loss: Above 3377 (safe distance, maybe 3385).
Take Profit 1: 3275 (Day support)
Take Profit 2: 3265–3243 (next support zones)
2. Bullish Setup (if price holds support and shows strength)
Buy Zone: 3265–3276 (4H and Day Support)
Entry: Wait for bullish confirmation (strong bullish candle, or bullish divergence).
Stop Loss: Below 3260 (like 3255 or lower).
Take Profit 1: 3337–3350 (Minor resistance)
Take Profit 2: 3377 (4H resistance top)
Notes
Watch carefully
If 3265 breaks cleanly, expect a deeper drop toward 3005–3024 (Weekly support).
If 3377 breaks strongly, bulls could push toward 3424–3435 or even 3503 (Monthly resistance).
Volume confirmation is important — watch for increasing volume on breakouts.
Use EMA 50/200 crossovers for intraday confirmation if you scalp.
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.