Price is currently consolidating below the H4 Supply Zone after rejecting the ascending trendline twice.
Two key scenarios are in focus:
✅ Scenario 1 – Deeper Pullback to Demand Zone
A retracement into the 1H + 30M Order Block (OB) and liquidity zone near 3,341–3,355 (marked with $$$) could attract buyers.
If bullish momentum confirms, look for a continuation toward 3,388 and possibly the upper trendline near 3,400+.
✅ Scenario 2 – Immediate Push Higher
If price holds above the moving average and fails to break below 3,355, bulls could step in earlier, driving price back to test the trendline resistance.
Breakout of the trendline could target the higher supply region.
🔍 Key Levels to Watch:
H4 Supply Zone (3,440 area) for potential reversal.
3,341 OB Zone for liquidity sweep and reaction.
Trendline Resistance capping the upside.
Two key scenarios are in focus:
✅ Scenario 1 – Deeper Pullback to Demand Zone
A retracement into the 1H + 30M Order Block (OB) and liquidity zone near 3,341–3,355 (marked with $$$) could attract buyers.
If bullish momentum confirms, look for a continuation toward 3,388 and possibly the upper trendline near 3,400+.
✅ Scenario 2 – Immediate Push Higher
If price holds above the moving average and fails to break below 3,355, bulls could step in earlier, driving price back to test the trendline resistance.
Breakout of the trendline could target the higher supply region.
🔍 Key Levels to Watch:
H4 Supply Zone (3,440 area) for potential reversal.
3,341 OB Zone for liquidity sweep and reaction.
Trendline Resistance capping the upside.
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.