The structure coming into this week was unambiguously bearish. From May 26, price printed three consecutive breaks of structure to the downside — no meaningful pullbacks, no indecision — just a controlled distribution that ended with a liquidity sweep into 4,368. That low was not random. It sat precisely at the full extension of the Fibonacci draw, and the reaction from it was immediate and aggressive.
What followed changes the short-term read entirely. Price recovered through the 0.786, 0.618, 0.5, and 0.382 Fibonacci levels in a single sustained impulse, which is not typical of a corrective bounce. Corrections stall. This one didn't. That behavior suggests the drop into 4,368 functioned as a stop hunt rather than a genuine bearish continuation, and the buyers who absorbed that move were positioned with conviction.
Currently, price is pressing into the EMA cluster between 4,517 and 4,529 — four moving averages stacked in a tight range, all converging at the same level where prior structure was broken. This is the main zone. It is both a technical resistance and a structural decision point. Price has closed above it on the most recent candles, but the confirmation is not clean yet. The cluster needs to be held, not just touched.
I am leaning bullish while price holds above 4,467. That level marked the prior BOS to the downside and now acts as the first meaningful demand. As long as it remains intact on a closing basis, the path of least resistance points toward 4,580 — the swing high from May 26 and the clearest supply level visible on this chart.
Invalidation is specific: a daily close below 4,467 removes the bullish case entirely and reopens the original bearish structure toward the 4,425 target zone.
What followed changes the short-term read entirely. Price recovered through the 0.786, 0.618, 0.5, and 0.382 Fibonacci levels in a single sustained impulse, which is not typical of a corrective bounce. Corrections stall. This one didn't. That behavior suggests the drop into 4,368 functioned as a stop hunt rather than a genuine bearish continuation, and the buyers who absorbed that move were positioned with conviction.
Currently, price is pressing into the EMA cluster between 4,517 and 4,529 — four moving averages stacked in a tight range, all converging at the same level where prior structure was broken. This is the main zone. It is both a technical resistance and a structural decision point. Price has closed above it on the most recent candles, but the confirmation is not clean yet. The cluster needs to be held, not just touched.
I am leaning bullish while price holds above 4,467. That level marked the prior BOS to the downside and now acts as the first meaningful demand. As long as it remains intact on a closing basis, the path of least resistance points toward 4,580 — the swing high from May 26 and the clearest supply level visible on this chart.
Invalidation is specific: a daily close below 4,467 removes the bullish case entirely and reopens the original bearish structure toward the 4,425 target zone.
⏱️ KILLZONE GOLD — Session Trader
👉 London & New York Setups Daily
👉 4–6 Swings + 10–20 Scalps VIP
👉 Trade the move, not the noise
💎 Get access 👉 t.me/+OudLvM-DxUA4ZWRl
👉 London & New York Setups Daily
👉 4–6 Swings + 10–20 Scalps VIP
👉 Trade the move, not the noise
💎 Get access 👉 t.me/+OudLvM-DxUA4ZWRl
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
⏱️ KILLZONE GOLD — Session Trader
👉 London & New York Setups Daily
👉 4–6 Swings + 10–20 Scalps VIP
👉 Trade the move, not the noise
💎 Get access 👉 t.me/+OudLvM-DxUA4ZWRl
👉 London & New York Setups Daily
👉 4–6 Swings + 10–20 Scalps VIP
👉 Trade the move, not the noise
💎 Get access 👉 t.me/+OudLvM-DxUA4ZWRl
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
