🟨 Key Zones:
POI: Identified as the Point of Interest (POI) or a 15m demand zone.
Gray Box: Likely the true demand area (origin of the impulsive move), aligned with the red support line around $3,351.898 – $3,360.000.
Lower Orange Zone: Labeled as 4H and Daily Demand, a major higher timeframe support zone.
🔄 Market Structure:
The chart shows a clear uptrend, with higher highs and higher lows.
A recent correction is underway toward the POI/demand zone.
The chart anticipates a bullish bounce from the POI, targeting the $3,498.209 resistance zone (marked at the top).
✅ Potential Trade Idea (Long Setup):
Entry Zone: Between $3,360 – $3,351 (gray demand zone).
Target: Around $3,498.
Invalidation (SL): Below $3,351, or further below the demand zone, to reduce the risk of stop hunt.
RR: Favorable if managed properly, roughly 1:4 or higher.
POI: Identified as the Point of Interest (POI) or a 15m demand zone.
Gray Box: Likely the true demand area (origin of the impulsive move), aligned with the red support line around $3,351.898 – $3,360.000.
Lower Orange Zone: Labeled as 4H and Daily Demand, a major higher timeframe support zone.
🔄 Market Structure:
The chart shows a clear uptrend, with higher highs and higher lows.
A recent correction is underway toward the POI/demand zone.
The chart anticipates a bullish bounce from the POI, targeting the $3,498.209 resistance zone (marked at the top).
✅ Potential Trade Idea (Long Setup):
Entry Zone: Between $3,360 – $3,351 (gray demand zone).
Target: Around $3,498.
Invalidation (SL): Below $3,351, or further below the demand zone, to reduce the risk of stop hunt.
RR: Favorable if managed properly, roughly 1:4 or higher.
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.