Currently watching price action as it approaches the 4H Fair Value Gap and descending trendline resistance. Price has not tapped this zone yet, and a move higher into this area could set up a potential reversal.
Setup Highlights:
4H FVG: 3,397–3,400 – Main area of interest.
Trendline Resistance: Confluence zone to watch for rejection.
Plan: Waiting for price to fill the imbalance and test the resistance before considering short entries.
Targets if Rejection Occurs:
TP1: 3,344 – First partial target.
TP2: 3,268 – 4H OB retest.
Invalidation:
A clear breakout and hold above 3,440 would invalidate the bearish scenario.
Setup Highlights:
4H FVG: 3,397–3,400 – Main area of interest.
Trendline Resistance: Confluence zone to watch for rejection.
Plan: Waiting for price to fill the imbalance and test the resistance before considering short entries.
Targets if Rejection Occurs:
TP1: 3,344 – First partial target.
TP2: 3,268 – 4H OB retest.
Invalidation:
A clear breakout and hold above 3,440 would invalidate the bearish scenario.
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📊 Fundamentals & Technical Insights
💹 Gold & GBP Specialists
📈 Weekly Targets: 1000-1500 Pips
⚡ Mastering Chart Patterns Together
💰 Account management
📥 Join us @ t.me/+n_4YMWihWGtmZWI0
💹 Gold & GBP Specialists
📈 Weekly Targets: 1000-1500 Pips
⚡ Mastering Chart Patterns Together
💰 Account management
📥 Join us @ t.me/+n_4YMWihWGtmZWI0
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.