Monthly – Bullish, but Not Explosive
On the monthly chart, price retested a key flip level and rejected strongly to the upside. The last candle was bullish, but it failed to close above the previous month’s high. So the bias leans bullish, but it’s not aggressive momentum yet. We’re trading comfortably above the 10 and 20 EMA, which supports continuation. There’s still room to print a new higher high.
Weekly – Continuation Structure
The weekly chart strengthens the bullish case. The last weekly candle closed strong, and price is bouncing from both the 10 EMA and a clear flip level. Structure suggests continuation toward the previous weekly high. That becomes the short-term high-probability level, with the larger high as the extended target.
Daily – Liquidity Sweep & Reaction
On the daily timeframe, price swept recent lows after the market opened, likely reacting to war-related news. That move cleared liquidity, and we’re now seeing a bounce from that region. The 10/20 EMA alignment adds confluence for a potential long setup.
4H – Execution & Invalidation
On the 4-hour chart, price is reacting from the retracement zone of the last impulsive move. Fibonacci shows a correction into the 38.2–50% region, and price is attempting continuation. The true invalidation for the bullish idea sits below the origin of the last impulsive leg. However, I’m considering a tighter stop below the recent structure to capture a quicker 1:3 toward the nearby target.
Plan is simple: lean bullish, execute on confirmation, target the previous high first.
Let’s see how price behaves from here.
On the monthly chart, price retested a key flip level and rejected strongly to the upside. The last candle was bullish, but it failed to close above the previous month’s high. So the bias leans bullish, but it’s not aggressive momentum yet. We’re trading comfortably above the 10 and 20 EMA, which supports continuation. There’s still room to print a new higher high.
Weekly – Continuation Structure
The weekly chart strengthens the bullish case. The last weekly candle closed strong, and price is bouncing from both the 10 EMA and a clear flip level. Structure suggests continuation toward the previous weekly high. That becomes the short-term high-probability level, with the larger high as the extended target.
Daily – Liquidity Sweep & Reaction
On the daily timeframe, price swept recent lows after the market opened, likely reacting to war-related news. That move cleared liquidity, and we’re now seeing a bounce from that region. The 10/20 EMA alignment adds confluence for a potential long setup.
4H – Execution & Invalidation
On the 4-hour chart, price is reacting from the retracement zone of the last impulsive move. Fibonacci shows a correction into the 38.2–50% region, and price is attempting continuation. The true invalidation for the bullish idea sits below the origin of the last impulsive leg. However, I’m considering a tighter stop below the recent structure to capture a quicker 1:3 toward the nearby target.
Plan is simple: lean bullish, execute on confirmation, target the previous high first.
Let’s see how price behaves from here.
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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.
Related publications
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.