After a confirmed 1-hour bearish divergence @149.202, price initiated a downward structure. We saw a bounce from a bearish 4H Order Block (OB) @147.356, but this bounce did not invalidate the initial bearish divergence structure.
Price then broke below that 4H OB slightly, before retracing back into the same OB zone, forming another 4H bearish OB at that level, indicating reinforced institutional interest. This was followed by a clean CHoCH @146.943, confirming further bearish pressure.
Price reacted next from a bullish 4H OB @146.496, initiating a short-term retracement.
📌 Expectations:
🔁 We expect price to retrace back into the newly created 4H bearish OB @147.626, which is a refined point of interest.
📉 If that level holds as expected, the bearish move is likely to continue towards the next bearish OB sitting around 145.148, which is a potential demand exhaustion zone.
🧠Summary of Key Zones:
1H Bearish Divergence: 149.202
Initial 4H Bearish OB: 147.356
CHoCH Confirmation Level: 146.943
Bullish OB Reaction: 146.496
Expected Retracement POI (4H OB): 147.626
Final Bearish Target OB: 145.148
⚠️Risk Management Note:
This analysis is based on Smart Money Concepts and market structure observation.
Always use proper risk management — risking no more than 1–2% of your capital per trade.
Ensure your stop-loss and lot sizes match your account equity.
News events and volatility can invalidate technical zones quickly.
Trade safe. 🧠💼📉
Price then broke below that 4H OB slightly, before retracing back into the same OB zone, forming another 4H bearish OB at that level, indicating reinforced institutional interest. This was followed by a clean CHoCH @146.943, confirming further bearish pressure.
Price reacted next from a bullish 4H OB @146.496, initiating a short-term retracement.
📌 Expectations:
🔁 We expect price to retrace back into the newly created 4H bearish OB @147.626, which is a refined point of interest.
📉 If that level holds as expected, the bearish move is likely to continue towards the next bearish OB sitting around 145.148, which is a potential demand exhaustion zone.
🧠Summary of Key Zones:
1H Bearish Divergence: 149.202
Initial 4H Bearish OB: 147.356
CHoCH Confirmation Level: 146.943
Bullish OB Reaction: 146.496
Expected Retracement POI (4H OB): 147.626
Final Bearish Target OB: 145.148
⚠️Risk Management Note:
This analysis is based on Smart Money Concepts and market structure observation.
Always use proper risk management — risking no more than 1–2% of your capital per trade.
Ensure your stop-loss and lot sizes match your account equity.
News events and volatility can invalidate technical zones quickly.
Trade safe. 🧠💼📉
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.