Hello guys!
Invalidation: a clean, sustained reclaim and close back above the blue supply zone (above ~4.32–4.40k with conviction) would invalidate the immediate H&S bearish thesis and open the door for a deeper retrace.
-----------------------
A simple trade idea:
- Pattern: obvious Head & Shoulders on the 4-hour. The neckline was taken out by a large bearish candle, which is a good confirmation of the breakdown.
- Retest: price is testing the broken neckline/supply zone (blue box). The current action is a classic retest → if it gets rejected here again, probability favors more downside.
- Target: the measured move projects into the red box; roughly ~$3,850 (range $3.7k–$3.9k depending on where you measure the neckline/head). This level also lines up with the last major resistance zone, so it’s a natural magnet.
- Momentum: RSI showed divergence around the head and has dropped into oversold territory with a small relief bounce.
Invalidation: a clean, sustained reclaim and close back above the blue supply zone (above ~4.32–4.40k with conviction) would invalidate the immediate H&S bearish thesis and open the door for a deeper retrace.
-----------------------
A simple trade idea:
- Short on a failed retest of the blue box (4.20–4.32k) after a bearish price candle.
- Stop: just above the supply zone / last swing high.
- Targets: scale profits into 3.9k then 3.8k (final target ~3.7–3.9k). Trail if price action turns constructive.
- Manage risk: keep position sizing sensible.
Trading ditutup: target tercapai
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
🔴 Forex channel: t.me/melikatrader94GoldForex
🟢 ADX & DFM channel: t.me/ADXandDFM
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.