On the 1H chart, price has made a sharp bullish move from the lower 1H OB zone (3,275 – 3,285) and is now hovering just below the 1H supply zone.
🔴 1H Supply Zone (OB):
3,354 – 3,368 → Price is consolidating here with no strong rejection yet.
🟢 1H Demand Zone (OB):
3,337 – 3,344 → First area to watch for potential bullish reaction.
👁 Mid-level support zone (waiting for confirmation):
3,310 – 3,320 → If price pulls back here and gives confirmation on lower timeframe, we’ll look for long setups.
📌 Trade scenarios:
1️⃣ Bullish: Wait for a retracement into 3,310 – 3,320, and if confirmed on LTF (3M–5M), go long.
2️⃣ If price drops deeper into the lower OB zone 3,275 – 3,285 and gives strong bullish reaction → potential long setup again.
3️⃣ Bearish: If price rejects the current OB zone (3,354 – 3,368) with confirmation → short entry targeting the green zones below (~3,320 or 3,310).
✅ Entry only after confirmation on lower timeframe
❌ No confirmation = no trade
🔴 1H Supply Zone (OB):
3,354 – 3,368 → Price is consolidating here with no strong rejection yet.
🟢 1H Demand Zone (OB):
3,337 – 3,344 → First area to watch for potential bullish reaction.
👁 Mid-level support zone (waiting for confirmation):
3,310 – 3,320 → If price pulls back here and gives confirmation on lower timeframe, we’ll look for long setups.
📌 Trade scenarios:
1️⃣ Bullish: Wait for a retracement into 3,310 – 3,320, and if confirmed on LTF (3M–5M), go long.
2️⃣ If price drops deeper into the lower OB zone 3,275 – 3,285 and gives strong bullish reaction → potential long setup again.
3️⃣ Bearish: If price rejects the current OB zone (3,354 – 3,368) with confirmation → short entry targeting the green zones below (~3,320 or 3,310).
✅ Entry only after confirmation on lower timeframe
❌ No confirmation = no trade
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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.