19/8 4H Breakout vs 1D Pressure – Key Levels to WatchOn 19/8, a valid 4H breakout has formed. However, the 1D chart has not shown any clear directional bias yet. For TP1, it is safer to follow the 1D conservative outlook, though aiming for a higher TP1 can also be considered.
On the 1D timeframe, the prevailing pressure remains bearish, so overall short bias is preferred.
For 20/9, the key considerations based on the 1D close of 19/8 are:
A. If the daily close is above 3344, a long setup can be considered.
B. If the daily close is below 3327, a short setup is favored.
C. If the daily close falls between 3344 and 3327, market remains range-bound, leaning bearish.
Reasonable sell entry zones: 3343 – 3349
Stop loss level: 3360
Short-term buy scalps may be taken within 3350 – 3327 range.
