🧠 Technical Analysis
🔹 Unfilled Gap (Target Area)
A large 4H imbalance/gap remains unfilled between 41,500–41,600, highlighted in yellow.
This acts as a magnet for price — the market often retraces to fill inefficiencies after structure is built below.
🔹 Breakout and Retest
Price has broken above a consolidation structure and returned to retest the breakout level.
The "Invalidation Zone" (~41,147–41,222) is clearly marked — if price breaks below this area, the long idea is invalidated.
Current candle shows strong bullish follow-through after testing the invalidation area.
🔹 Bullish Market Structure
The overall price action is forming higher highs and higher lows.
The recent impulse move confirms bullish momentum and continuation potential.
🛠 Trade Setup
Bias: Bullish
Entry: ~41,237.50 (current price)
Stop Loss: Below 41,147 (clear invalidation zone)
Target: 41,541.52 (unfilled 4H gap)
Risk:Reward: High (approx. 1:3+)
✅ Why This Trade Makes Sense
Clean structure breakout
Clear imbalance target above
Strong follow-through candle at breakout retest
Logical invalidation level below the range
⚠️ Risk Considerations
Watch for volatility around news events (US data, FOMC, etc.)
A close below the invalidation zone would signal failed breakout
🧭 Trading Plan
If price continues to hold above 41,200 and prints bullish continuation patterns (e.g., bull flags or strong engulfing candles), holding toward the 41,540–41,600 range remains valid.
🔹 Unfilled Gap (Target Area)
A large 4H imbalance/gap remains unfilled between 41,500–41,600, highlighted in yellow.
This acts as a magnet for price — the market often retraces to fill inefficiencies after structure is built below.
🔹 Breakout and Retest
Price has broken above a consolidation structure and returned to retest the breakout level.
The "Invalidation Zone" (~41,147–41,222) is clearly marked — if price breaks below this area, the long idea is invalidated.
Current candle shows strong bullish follow-through after testing the invalidation area.
🔹 Bullish Market Structure
The overall price action is forming higher highs and higher lows.
The recent impulse move confirms bullish momentum and continuation potential.
🛠 Trade Setup
Bias: Bullish
Entry: ~41,237.50 (current price)
Stop Loss: Below 41,147 (clear invalidation zone)
Target: 41,541.52 (unfilled 4H gap)
Risk:Reward: High (approx. 1:3+)
✅ Why This Trade Makes Sense
Clean structure breakout
Clear imbalance target above
Strong follow-through candle at breakout retest
Logical invalidation level below the range
⚠️ Risk Considerations
Watch for volatility around news events (US data, FOMC, etc.)
A close below the invalidation zone would signal failed breakout
🧭 Trading Plan
If price continues to hold above 41,200 and prints bullish continuation patterns (e.g., bull flags or strong engulfing candles), holding toward the 41,540–41,600 range remains valid.
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.
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.