🟢 Current Trade Setup (Buy Position)
Entry: Around 3,299.46
Take Profit (TP): 3,338.87
Stop Loss (SL): 3,285.64
Risk-Reward Ratio: ~1:3 ➜ This is a favorable R:R setup.
Key Zone - Supply Area
Marked as SUPPLY H4 (Higher Time Frame 4H supply zone).
Price Range: ~3,350 to 3,368+
This is where sellers may aggressively enter the market.
A potential reversal zone—watch price action closely when it reaches there.
🔸 Recent Price Action
A strong sell-off occurred before this setup.
Price then formed a sharp wick and a potential demand reaction around 3,285–3,290.
Price is now attempting a bullish recovery (possibly a liquidity grab followed by accumulation).
🔸 Bullish Signal
The recent structure shows a double bottom / demand reaction.
Entry aligns with the bottom of the move, offering good positioning.
📌 What to Watch
Intraday Buyers’ Momentum:
If volume supports upward momentum, it could push price toward TP.
Reaction at 3,320–3,340:
Minor intraday resistance zones before the TP.
If price hesitates, consider partial profit-taking.
Rejection from Supply H4:
TP is placed just below the H4 supply zone — smart take.
Avoid extending TP unless there's a strong breakout candle.
🧠 Summary
✅ Strong R:R setup.
✅ Clean reaction from demand.
🚨 Supply H4 zone ahead — expect resistance near 3,350–3,360.
📈 As long as price holds above ~3,290, the setup is valid.
Entry: Around 3,299.46
Take Profit (TP): 3,338.87
Stop Loss (SL): 3,285.64
Risk-Reward Ratio: ~1:3 ➜ This is a favorable R:R setup.
Key Zone - Supply Area
Marked as SUPPLY H4 (Higher Time Frame 4H supply zone).
Price Range: ~3,350 to 3,368+
This is where sellers may aggressively enter the market.
A potential reversal zone—watch price action closely when it reaches there.
🔸 Recent Price Action
A strong sell-off occurred before this setup.
Price then formed a sharp wick and a potential demand reaction around 3,285–3,290.
Price is now attempting a bullish recovery (possibly a liquidity grab followed by accumulation).
🔸 Bullish Signal
The recent structure shows a double bottom / demand reaction.
Entry aligns with the bottom of the move, offering good positioning.
📌 What to Watch
Intraday Buyers’ Momentum:
If volume supports upward momentum, it could push price toward TP.
Reaction at 3,320–3,340:
Minor intraday resistance zones before the TP.
If price hesitates, consider partial profit-taking.
Rejection from Supply H4:
TP is placed just below the H4 supply zone — smart take.
Avoid extending TP unless there's a strong breakout candle.
🧠 Summary
✅ Strong R:R setup.
✅ Clean reaction from demand.
🚨 Supply H4 zone ahead — expect resistance near 3,350–3,360.
📈 As long as price holds above ~3,290, the setup is valid.
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.