Price has expanded lower after failing to reclaim prior range highs and remains below HTF supply.
Key observations
Clear 4H bearish MSS
Strong rejection from the bearish order block (3.10–3.18T)
Price broke below rising channel support
Previous support now acting as resistance
No bullish displacement or acceptance back above the OB
Liquidity & targets
First downside draw: 2.83T (4H bullish OB)
If that level fails → next target around 2.74T
Any reaction at 2.83T needs confirmation, otherwise continuation lower
Bias
Bearish
As long as price stays below 3.05–3.10T, downside remains likely
Pullbacks into resistance without acceptance = sell-the-rally
Only a strong reclaim above HTF supply invalidates the bearish bias
Execution note
It’s Monday, so I’m waiting for the Monday range to fully form.
I’ll only look for trade setups after the range is set and structure confirms.
Mr C
Key observations
Clear 4H bearish MSS
Strong rejection from the bearish order block (3.10–3.18T)
Price broke below rising channel support
Previous support now acting as resistance
No bullish displacement or acceptance back above the OB
Liquidity & targets
First downside draw: 2.83T (4H bullish OB)
If that level fails → next target around 2.74T
Any reaction at 2.83T needs confirmation, otherwise continuation lower
Bias
Bearish
As long as price stays below 3.05–3.10T, downside remains likely
Pullbacks into resistance without acceptance = sell-the-rally
Only a strong reclaim above HTF supply invalidates the bearish bias
Execution note
It’s Monday, so I’m waiting for the Monday range to fully form.
I’ll only look for trade setups after the range is set and structure confirms.
Mr C
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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.