Trend Assessment: EMA-21 & SMA-50: Price sits marginally above EMA-21 and slightly below SMA-50. Short-term bearish pullback remains intact. Ichimoku Cloud: Price hovers just below the Cloud baseline, signaling indecision. Breakout potential lies above $2640. Detachment: Price detached by $2-$3 from EMA-8 and EMA-21, indicating potential mean-reversion upward. Fair Value Gaps (FVG): Bullish FVG (Green): $2635-$2637 (untested support zone). Bearish FVG (Red): $2642-$2644 (untested resistance zone). Key Levels: Support Levels: $2635 (EMA-21 confluence). $2632 (Bullish FVG lower boundary). Resistance Levels: $2642 (Bearish FVG boundary). $2647 (Fibonacci 61.8%). Momentum Indicators: RSI: Holding near 54, confirming moderate bullish momentum. Stochastic RSI: Bullish crossover in oversold region (~22). ADX: At 20.28, signaling consolidation and weak trend strength. Higher Timeframes (1H, 4H, Daily)
1H Chart: EMA-21: Price hovering near $2636 (reversion zone). Bearish FVG: $2645-$2648 aligns with Fibonacci 61.8%, acting as strong resistance. 4H Chart: Bollinger Bands indicate price near the upper band ($2644), signaling overextension. Support Zone: $2630-$2635 (Fibonacci 50% zone). Daily Chart: Long-term trend is bullish, but resistance at $2650-$2655 is critical. Support lies at $2615 (EMA-21 alignment). Lower Timeframes (5M, 15M)
5M Chart: Price rejection seen at $2640 (minor bearish divergence on RSI). Stochastic RSI: Bullish crossover near $2637, signaling potential upward momentum. 15M Chart: Bullish divergence forming at $2637. Price action indicates potential reversal upward. Step 2: Key Success Factors (KSF) Scenarios
Bullish Rejection Scenarios: Rejection candles with long lower wicks near $2635-$2637 on 5M/15M charts. RSI > 50 required for confirmation on 30M. Stochastic RSI crossover near oversold regions aligns with Bullish FVG. Bearish Rejection Scenarios: 2-3 bearish candles near $2642 on 15M charts (rejections with long upper wicks). RSI failing to breach 50 on 30M. Step 3: Signature Multi-Timeframe Entry Plans with FVG and Detachment Confluence
Long Entry Plan:
Entry 1: Aggressive Scalping Long Trigger: Price holds above $2635 support for 2 consecutive 5M candles. Entry: $2636. Stop Loss: $2633 (below FVG low). Targets: TP1: $2640 (VWAP upper band). TP2: $2644 (Bearish FVG resistance). Expected Candlestick Pattern: Bullish engulfing or morning star near $2635-$2637. Risk-Reward Ratio: 1:3. Entry 2: Confirmation Long Trigger: Price holds above $2640 with RSI > 50. Entry: $2641. Stop Loss: $2638. Targets: TP1: $2645 (Bearish FVG). TP2: $2650 (Fibonacci 61.8%). Expected Candlestick Pattern: Breakout bar with volume spike. Risk-Reward Ratio: 1:4. Short Entry Plan:
Entry 1: Aggressive Scalping Short Trigger: Rejection at $2644 with 2 consecutive bearish candles on 5M. Entry: $2644. Stop Loss: $2647 (above resistance). Targets: TP1: $2640. TP2: $2637 (Bullish FVG). Expected Candlestick Pattern: Shooting star near $2644. Risk-Reward Ratio: 1:2. Step 4: Volume Profile and Momentum Analysis
30-Minute Volume Analysis: Increased positive volume at $2637 confirms buyer activity. Decreased volume near $2642 reflects seller control. Lower Timeframes (5M/15M): Volume Profile: Volume spikes near $2635-$2637 indicate support. Momentum Divergence: RSI on 5M shows weakening bearish pressure. Step 5: Final Trading Outlook
Entry Type Entry Price Stop Loss TP1 TP2 R:R Scalping Long $2636 $2633 $2640 $2644 1:3 Confirmation Long $2641 $2638 $2645 $2650 1:4 Scalping Short $2644 $2647 $2640 $2637 1:2 Key Notes:
Breach below $2633 invalidates bullish setups. Monitor RSI, volume spikes, and Stochastic RSI crossovers before entries. Maintain strict stop-loss placement with 1:3 risk-reward for high-probability trades.
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
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