Price Action Analysis | Bearish Order Block & Golden Zone Play
In this analysis, the market is clearly respecting a descending channel, forming lower highs and lower lows. Currently, price action is consolidating near a mid-support level and has yet to reach the next significant demand zone.
Key Zones Highlighted:
• 1HR Bearish Order Block: This area has been marked as a potential reaction zone. I’m waiting for the price to retest this level, where a bearish reaction is expected.
• Bullish Order Block - Golden Zone: This is a strong demand area where previous bullish momentum was initiated. A bounce is highly likely if price reaches this level.
Trade Idea:
• Waiting for the price to push up and test the 1HR bearish OB (marked with the red zone).
• If a valid bearish setup forms there (e.g., rejection wick, bearish engulfing), a short trade targeting the golden zone around $3,206.546 becomes a high-probability setup.
• Stops would ideally go above the OB zone (~$3,281), giving a favorable risk-reward ratio.
This setup is fully structure-based, aligned with price action and smart money concepts. No indicators are used.
In this analysis, the market is clearly respecting a descending channel, forming lower highs and lower lows. Currently, price action is consolidating near a mid-support level and has yet to reach the next significant demand zone.
Key Zones Highlighted:
• 1HR Bearish Order Block: This area has been marked as a potential reaction zone. I’m waiting for the price to retest this level, where a bearish reaction is expected.
• Bullish Order Block - Golden Zone: This is a strong demand area where previous bullish momentum was initiated. A bounce is highly likely if price reaches this level.
Trade Idea:
• Waiting for the price to push up and test the 1HR bearish OB (marked with the red zone).
• If a valid bearish setup forms there (e.g., rejection wick, bearish engulfing), a short trade targeting the golden zone around $3,206.546 becomes a high-probability setup.
• Stops would ideally go above the OB zone (~$3,281), giving a favorable risk-reward ratio.
This setup is fully structure-based, aligned with price action and smart money concepts. No indicators are used.
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.