Price is currently consolidating inside a tightening structure with a clear descending resistance and rising support, showing compression right below a key supply zone around the 5,040–5,060 area. The rejection from the top of the range suggests buyers are losing momentum while price remains capped under the trendline and moving averages. If this structure breaks to the downside, the move could accelerate toward the lower liquidity zone and previous imbalance around the mid-4,8xx region, following a typical sweep-and-drop pattern. Overall bias remains bearish unless price can break and hold above the supply zone, which would invalidate the short setup.
Trade active
500 PIPS UPNote
1300 PIPS UP TAKE PARTIALTrade closed: target reached
1900 PIPS Note
Congrats to anyone who followed closely !!Note
SELL (ENTRY : 5027 CLOSE : 4850) 
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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.