Based on the breakout observed on the 4-hour timeframe and its confirmation on the 30-minute chart — which itself was validated by the M5 structure break within the highlighted golden zone — we expect the price to continue its decline toward the first daily support level.
This setup provides a strong risk-to-reward ratio, as illustrated on the chart.
As always — stay patient, follow your plan, and trust your analysis.
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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.
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.