At the moment, D1 and H4 are synchronized — bearish bias. Target
Analysis at 09:00 (UTC +2)
At the moment, D1 and H4 are synchronized — bearish bias.
Target: D1 Fractal.
The continuation of the bearish structure looks logical, but there’s a caveat.
The W1 IMB has been mitigated, and on D1 a lot of liquidity has already been taken.
Considering the aggressive rally since August and the current correction on W1, there’s a high probability that a bullish setup may start forming from the current price level.
However, we have a problematic zone — FTA / D1 IMB.
For confident longs, the price needs to secure a close above this zone.
Until that happens, the short scenario remains valid.
For today:
There’s an H4 bearish BPR, from which we can expect confirmation for a move lower; inside it there’s an AH, which could be a potential entry point.
Asian session narrative: it swept its own liquidity and built a bullish sentiment. The upward move looks strong, so to confirm a short we need bearish confirmation on H1, since the long may still continue.
A local long from the H1 IMB toward AH is possible if the zone gets tested and AH remains intact.
If the price closes above PDH, the bearish scenario will start to lose strength — we’ll need to wait for more information.
Every zone I’ve marked requires additional confirmations on lower timeframes (LTF).
Concept: Smart Money
