🔹 4H Chart (Swing Bias)
Trend: Market still in broader downtrend, but we saw a corrective bounce.
Supply Zones:
24,700–24,800 (fresh supply zone, rejected strongly)
25,000–25,100 (major FVG + OB confluence)
Demand Zones:
24,300–24,350 (previous OB + demand block)
Observation: Price got rejected exactly from 24,700 supply and closed near 24,575. Weakness showing continuation bias.
✅ Bias: Bearish below 24,700 | Expect re-test of 24,300
🔹 1H Chart (Intraday Bias)
Price attempted a breakout but failed, leaving a large bearish rejection candle from 24,700.
Current structure: MSS (Market Structure Shift) → downtrend continuation confirmed.
Fair Value Gap (FVG) formed near 24,650–24,700 → this becomes intraday supply zone.
EMA is overhead, acting as resistance.
✅ Bias: Sell on rallies toward 24,650–24,700
🔹 15M Chart (Execution Levels)
OB (Order Block) formed at 24,650 → aligns with higher timeframe supply.
Minor demand visible around 24,500–24,520 (liquidity sweep possible).
If 24,500 breaks, expect quick slide to 24,300 demand.
📌 Trade Plan for 3rd September
Primary Setup (Sell on Rally)
Entry: 24,650–24,700 (supply + FVG zone)
Stop Loss: Above 24,780
Targets:
T1 = 24,500
T2 = 24,350
Extended = 24,300
Alternative Setup (Breakdown Play)
If price opens weak and breaks 24,500 cleanly:
Entry: Below 24,480 after retest
SL: Above 24,600
Target: 24,300
Invalidations
If price sustains above 24,800 on 1H close → bearish plan invalid, upside open toward 25,000–25,100 supply.
👉 Overall, structure favors short positioning with Sell-on-Rally bias, unless bulls reclaim 24,800.
Trend: Market still in broader downtrend, but we saw a corrective bounce.
Supply Zones:
24,700–24,800 (fresh supply zone, rejected strongly)
25,000–25,100 (major FVG + OB confluence)
Demand Zones:
24,300–24,350 (previous OB + demand block)
Observation: Price got rejected exactly from 24,700 supply and closed near 24,575. Weakness showing continuation bias.
✅ Bias: Bearish below 24,700 | Expect re-test of 24,300
🔹 1H Chart (Intraday Bias)
Price attempted a breakout but failed, leaving a large bearish rejection candle from 24,700.
Current structure: MSS (Market Structure Shift) → downtrend continuation confirmed.
Fair Value Gap (FVG) formed near 24,650–24,700 → this becomes intraday supply zone.
EMA is overhead, acting as resistance.
✅ Bias: Sell on rallies toward 24,650–24,700
🔹 15M Chart (Execution Levels)
OB (Order Block) formed at 24,650 → aligns with higher timeframe supply.
Minor demand visible around 24,500–24,520 (liquidity sweep possible).
If 24,500 breaks, expect quick slide to 24,300 demand.
📌 Trade Plan for 3rd September
Primary Setup (Sell on Rally)
Entry: 24,650–24,700 (supply + FVG zone)
Stop Loss: Above 24,780
Targets:
T1 = 24,500
T2 = 24,350
Extended = 24,300
Alternative Setup (Breakdown Play)
If price opens weak and breaks 24,500 cleanly:
Entry: Below 24,480 after retest
SL: Above 24,600
Target: 24,300
Invalidations
If price sustains above 24,800 on 1H close → bearish plan invalid, upside open toward 25,000–25,100 supply.
👉 Overall, structure favors short positioning with Sell-on-Rally bias, unless bulls reclaim 24,800.
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.