Technical Zones & Structure
🔹 Bearish Rejection Zone (Supply Area)
Price tapped into a strong supply zone at the top blue box, aligning with trendline resistance.
Immediate reaction followed by sharp bearish candle shows potential liquidity grab and smart money sell-off.
🔹 Demand Zone
Mid-chart gray/blue zone is a key reaction area that price may retest before confirming further downside.
Market Structure
I’ve drawn a rising wedge, which price has already broken down from = bearish reversal signal.
Pullback anticipated into the broken structure zone (gray) → potential entry zone for short.
Trade Idea (as visualized)
Sell Setup Plan:
✅ Ideal Entry: Retest of broken wedge / demand-turned-supply (~1.84750–1.84900)
🎯 Target 1: 1.84300 zone
🎯 Target 2: 1.83500 (bottom demand zone)
🛑 SL: Above previous high / upper blue supply (~1.85300+)
Risk below 0.5–1% of account
SET and FORGET
🔹 Bearish Rejection Zone (Supply Area)
Price tapped into a strong supply zone at the top blue box, aligning with trendline resistance.
Immediate reaction followed by sharp bearish candle shows potential liquidity grab and smart money sell-off.
🔹 Demand Zone
Mid-chart gray/blue zone is a key reaction area that price may retest before confirming further downside.
Market Structure
I’ve drawn a rising wedge, which price has already broken down from = bearish reversal signal.
Pullback anticipated into the broken structure zone (gray) → potential entry zone for short.
Trade Idea (as visualized)
Sell Setup Plan:
✅ Ideal Entry: Retest of broken wedge / demand-turned-supply (~1.84750–1.84900)
🎯 Target 1: 1.84300 zone
🎯 Target 2: 1.83500 (bottom demand zone)
🛑 SL: Above previous high / upper blue supply (~1.85300+)
Risk below 0.5–1% of account
SET and FORGET
Trade closed: target reached
Breakout attempt in London session. Timing was early, with NY liquidity not yet active. Good structure idea but lacked proper confirmation.⚠️ Cause of Loss:
Breakout was premature — entry lacked session volume confirmation. London volume wasn’t enough to break cleanly, and price pulled back deeper before proper breakout in NY. Rushed execution.
After London session failed breakout, re-entry was made at same OB level during NY session. Breakout was clean with high volume and strong impulse to target. Excellent re-engagement with discipline.
🧠 Reason for Re-entry:
Same structure and bias remained intact. Price showed strong reaction on OB during NY open, confirming liquidity grab and proper breakout strength. Valid second chance entry.
🔁 Re-entry Clarification:
1st Attempt (London): ❌ Premature, lacked session strength
2nd Attempt (NY): ✅ Clean confirmation, textbook timing
This shows strong adaptation, not revenge trading.
🧠 Weekly Psychology Boost
This is exactly what defines a disciplined trader — not fearing to re-enter the same setup when the bias remains intact and confirmation shows up in the right session.
Note
Sorry this breakdown is for GBPCAD, BUT the re-entry is for XAUUSD.
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.