🧾 Weekly Recap:
• Price tapped into the 1H Demand Zone (red box) and ran the 4H swing liquidity before bouncing to clear internal range liquidity.
• This move was followed by a retracement which led to a break of the bullish trendline.
This may signal the beginning of a broader accumulation phase. Expect choppy price action targeting internal liquidity both above and below, before a clear trend resumes.
📌 Technical Analysis:
Price has closed below the bullish trendline, leading to two possible scenarios:
1. Bullish scenario (black path):
– Price runs the W C DOL (3313$) →
– Finds rejection →
– Retests broken trendline →
– Breaks above the trendline →
– Continues toward 3444$ and potentially 3474$
2. Bearish scenario (orange path):
– Price runs W C DOL (3313$) →
– Rejects from the broken trendline →
– Fails to reclaim it →
– Continues downward to target M C DOL (3256$)
📈 Setup Trigger:
Wait for clear 1H–4H supply/demand zone creation and structure shift before initiating a trade.
🎯 Trade Management:
• Stoploss: Above/below relevant supply-demand zone
• Targets:
– Bullish: 3444$, 3474$
– Bearish: 3256$
🟡 If you liked the idea, feel free to drop a like & comment — and don’t forget to follow for more weekly updates.
• Price tapped into the 1H Demand Zone (red box) and ran the 4H swing liquidity before bouncing to clear internal range liquidity.
• This move was followed by a retracement which led to a break of the bullish trendline.
This may signal the beginning of a broader accumulation phase. Expect choppy price action targeting internal liquidity both above and below, before a clear trend resumes.
📌 Technical Analysis:
Price has closed below the bullish trendline, leading to two possible scenarios:
1. Bullish scenario (black path):
– Price runs the W C DOL (3313$) →
– Finds rejection →
– Retests broken trendline →
– Breaks above the trendline →
– Continues toward 3444$ and potentially 3474$
2. Bearish scenario (orange path):
– Price runs W C DOL (3313$) →
– Rejects from the broken trendline →
– Fails to reclaim it →
– Continues downward to target M C DOL (3256$)
📈 Setup Trigger:
Wait for clear 1H–4H supply/demand zone creation and structure shift before initiating a trade.
🎯 Trade Management:
• Stoploss: Above/below relevant supply-demand zone
• Targets:
– Bullish: 3444$, 3474$
– Bearish: 3256$
🟡 If you liked the idea, feel free to drop a like & comment — and don’t forget to follow for more weekly updates.
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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.
Related publications
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.