Scenario 1 (Fakeout & Reversal):
Watch for push to $107,000–$108,000 (potential bull trap)
Close longs on move into resistance zone
Look for reversal signals (SFP, strong rejection) to re-enter lower
Scenario 2 (Sweep and Bounce):
Place bids at/just below $100,272 (1D Support) and within $98,000–$100,000 (FVG)
Target: Move back toward trendline resistance ($107k+)
Stop: Below $97,200
Invalidation:
Structure flips bearish on a clean break/close below $97,200
🔔 Triggers & Confirmations:
Enter longs only on SFP or strong bounce confirmation in FVG zone
Avoid chasing if price is between $102k–$106k (“no-trade chop”)
📝 Order Placement & Management:
🔼 Buy Limits: $100,300 / $99,000 / $98,000 (staggered bids in FVG)
🛡️ Long Stop: $97,200
🎯 Target: $107,000–$109,000 (trendline resistance)
📝 Take profits on spike to $107k+
🚨 Risk Warning:
Friday volatility, news risk
Avoid new longs above $107k — watch for failed breakout/fakeout
Watch for push to $107,000–$108,000 (potential bull trap)
Close longs on move into resistance zone
Look for reversal signals (SFP, strong rejection) to re-enter lower
Scenario 2 (Sweep and Bounce):
Place bids at/just below $100,272 (1D Support) and within $98,000–$100,000 (FVG)
Target: Move back toward trendline resistance ($107k+)
Stop: Below $97,200
Invalidation:
Structure flips bearish on a clean break/close below $97,200
🔔 Triggers & Confirmations:
Enter longs only on SFP or strong bounce confirmation in FVG zone
Avoid chasing if price is between $102k–$106k (“no-trade chop”)
📝 Order Placement & Management:
🔼 Buy Limits: $100,300 / $99,000 / $98,000 (staggered bids in FVG)
🛡️ Long Stop: $97,200
🎯 Target: $107,000–$109,000 (trendline resistance)
📝 Take profits on spike to $107k+
🚨 Risk Warning:
Friday volatility, news risk
Avoid new longs above $107k — watch for failed breakout/fakeout
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.