Key Technical Factors
Market Structure (SMC):
CHOCH (Change of Character): The initial shift in sentiment occurred after the first major break of the swing low.
BOS (Break of Structure): Follow-through bearish momentum was confirmed by subsequent breaks to the downside.
MSS (Market Structure Shift): The recent aggressive push upward has shifted short-term structure, but it is now heading straight into a high-timeframe supply zone.
Supply & Demand: Price is currently entering a Bearish Order Block (highlighted by the green rectangular box). This zone previously acted as the catalyst for a significant "Break of Structure" to the downside.
Trendline Confluence: A multi-touch descending trendline is intersecting perfectly with the supply zone. This "double confluence" increases the probability of a reversal as late buyers (breakout traders) get trapped.
The Setup
We are looking for a rejection within the 4,675 - 4,685 zone. The red arrow indicates the expected path: a failure to hold above the trendline followed by a rapid descent back into the internal liquidity pools (previous swing lows).
Trading Plan
Entry: Look for a 1m or 5m MSS (Market Structure Shift) to the downside once price taps the green zone.
Market Structure (SMC):
CHOCH (Change of Character): The initial shift in sentiment occurred after the first major break of the swing low.
BOS (Break of Structure): Follow-through bearish momentum was confirmed by subsequent breaks to the downside.
MSS (Market Structure Shift): The recent aggressive push upward has shifted short-term structure, but it is now heading straight into a high-timeframe supply zone.
Supply & Demand: Price is currently entering a Bearish Order Block (highlighted by the green rectangular box). This zone previously acted as the catalyst for a significant "Break of Structure" to the downside.
Trendline Confluence: A multi-touch descending trendline is intersecting perfectly with the supply zone. This "double confluence" increases the probability of a reversal as late buyers (breakout traders) get trapped.
The Setup
We are looking for a rejection within the 4,675 - 4,685 zone. The red arrow indicates the expected path: a failure to hold above the trendline followed by a rapid descent back into the internal liquidity pools (previous swing lows).
Trading Plan
Entry: Look for a 1m or 5m MSS (Market Structure Shift) to the downside once price taps the green zone.
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Join our Free Daily Signals Channel – Targeting 500+ Pips!
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
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.