Key Zones
Support Zone (Demand Area)
~ 4,713 – 4,740
Price has respected this area multiple times → strong buyer interest.
Entry Area
Around 4,739
This aligns with a pullback into support + structure retest.
Target Zone
~ 4,790 – 4,793
Near previous resistance and top of the channel.
Stop Loss
~ 4,713
Below support → invalidates bullish structure if broken.
🧠 Trade Logic (What this setup implies)
This is a pullback continuation trade.
Idea:
➝ Buy the dip inside an uptrend
➝ Target the next resistance
Structure logic:
Higher low holds → bullish
Break above minor resistance → continuation
⚠️ What to Watch Carefully
Channel Resistance
Price is already near the upper boundary.
Risk of rejection / fake breakout.
Weak Momentum Signs
If candles become small or wicky near 4,780–4,790 → buyers losing strength.
Break of 4,713
That would:
Break structure
Turn bias bearish
Likely revisit 4,690 zone
📉 Alternative Scenario (Important)
If price:
Fails to break 4,780–4,790
AND breaks below 4,740
👉 Expect:
Move back to 4,713
Possibly deeper correction
💡 My Read
Bias: Cautiously bullish
This is a good R:R setup, but:
Entry is slightly late (mid-to-high range)
Best entries were closer to support
Support Zone (Demand Area)
~ 4,713 – 4,740
Price has respected this area multiple times → strong buyer interest.
Entry Area
Around 4,739
This aligns with a pullback into support + structure retest.
Target Zone
~ 4,790 – 4,793
Near previous resistance and top of the channel.
Stop Loss
~ 4,713
Below support → invalidates bullish structure if broken.
🧠 Trade Logic (What this setup implies)
This is a pullback continuation trade.
Idea:
➝ Buy the dip inside an uptrend
➝ Target the next resistance
Structure logic:
Higher low holds → bullish
Break above minor resistance → continuation
⚠️ What to Watch Carefully
Channel Resistance
Price is already near the upper boundary.
Risk of rejection / fake breakout.
Weak Momentum Signs
If candles become small or wicky near 4,780–4,790 → buyers losing strength.
Break of 4,713
That would:
Break structure
Turn bias bearish
Likely revisit 4,690 zone
📉 Alternative Scenario (Important)
If price:
Fails to break 4,780–4,790
AND breaks below 4,740
👉 Expect:
Move back to 4,713
Possibly deeper correction
💡 My Read
Bias: Cautiously bullish
This is a good R:R setup, but:
Entry is slightly late (mid-to-high range)
Best entries were closer to support
Trade chiuso: stop raggiunto
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join my telegram channel t.me/goldsignalicthttps://t.me/goldsignalicthttps://t.me/goldsignalict
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.