Bearish Scenario (primary)
Bias: Still bearish until price can reclaim 4020+ on 4H.
Setup idea:
Entry: 4008–4012 (retest of imbalance / EMA cluster).
Stop-loss: 4022–4025 (above 4H minor swing and trendline).
Targets:
TP1 → 3980 (1H structure low / EMA200 zone)
TP2 → 3960 (liquidity sweep below wedge support)
TP3 → 3920 (major 4H demand zone)
Confirmation: Wait for 15m rejection wick or lower-timeframe MSS/CHOCH within that zone.
Bullish Alternative (reversal breakout)
If price closes a 4H candle above 4020 with strength:
Entry: Retest of 4010–4012 as support.
Stop-loss: Below 3995.
Targets:
TP1 → 4040 (previous supply zone).
TP2 → 4080 (liquidity above equal highs).
Summary
Structure compression signals potential breakout soon.
Since momentum is still bearish and price is failing to reclaim 4H EMAs, short from resistance is higher-probability.
Watch reaction to 3980 — if it holds firmly with bullish divergence, the wedge breakout north could begin.
Bias: Still bearish until price can reclaim 4020+ on 4H.
Setup idea:
Entry: 4008–4012 (retest of imbalance / EMA cluster).
Stop-loss: 4022–4025 (above 4H minor swing and trendline).
Targets:
TP1 → 3980 (1H structure low / EMA200 zone)
TP2 → 3960 (liquidity sweep below wedge support)
TP3 → 3920 (major 4H demand zone)
Confirmation: Wait for 15m rejection wick or lower-timeframe MSS/CHOCH within that zone.
Bullish Alternative (reversal breakout)
If price closes a 4H candle above 4020 with strength:
Entry: Retest of 4010–4012 as support.
Stop-loss: Below 3995.
Targets:
TP1 → 4040 (previous supply zone).
TP2 → 4080 (liquidity above equal highs).
Summary
Structure compression signals potential breakout soon.
Since momentum is still bearish and price is failing to reclaim 4H EMAs, short from resistance is higher-probability.
Watch reaction to 3980 — if it holds firmly with bullish divergence, the wedge breakout north could begin.
GC_TTC
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.
GC_TTC
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.