Chart Breakdown
Key Price Levels:
Label Price Description
Current Price 1.38270 Live market price at the time of chart
4Hr Resistance (Entry) 1.38767 Short entry zone inside FVG
4Hr Resistance (Stoploss) 1.39412 Invalidates bearish idea if broken
4Hr Support (Target) 1.37500 Bearish target / take profit
Fair Value Gap (FVG): Marked between 1.38767 – ~1.39000
FVG is a zone of imbalance caused by an impulsive bearish move.
Market is expected to fill the gap, then reject from it.
Expecting View (Blue Arrow Path):
Price retraces upward into the FVG (entry zone).
Hits resistance at or near 1.38767.
Drops to the next major support at 1.37500.
Trade Plan (Bearish Setup):
Entry Zone: 1.38767 (inside FVG / resistance)
Stop Loss: 1.39412 (above FVG & key resistance)
Target: 1.37500 (4Hr support level)
Risk-Reward Estimation:
Metric Value
Entry 1.38767
Stop Loss 1.39412 (~65 pips)
Target 1.37500 (~127 pips)
Strengths of the Analysis:
FVG + Resistance Confluence:
Entry zone overlaps with an inefficiency zone and 4H resistance, providing a strong technical ceiling.
Logical Trade Structure:
Clear entry, stop, and target — perfect for risk-managed trading.
Momentum-Backed Setup:
Recent strong bearish momentum supports the retracement-and-drop scenario.
Short-Term Confirmation:
Bearish trend structure is intact, with lower highs and lower lows on this timeframe.
Key Price Levels:
Label Price Description
Current Price 1.38270 Live market price at the time of chart
4Hr Resistance (Entry) 1.38767 Short entry zone inside FVG
4Hr Resistance (Stoploss) 1.39412 Invalidates bearish idea if broken
4Hr Support (Target) 1.37500 Bearish target / take profit
Fair Value Gap (FVG): Marked between 1.38767 – ~1.39000
FVG is a zone of imbalance caused by an impulsive bearish move.
Market is expected to fill the gap, then reject from it.
Expecting View (Blue Arrow Path):
Price retraces upward into the FVG (entry zone).
Hits resistance at or near 1.38767.
Drops to the next major support at 1.37500.
Trade Plan (Bearish Setup):
Entry Zone: 1.38767 (inside FVG / resistance)
Stop Loss: 1.39412 (above FVG & key resistance)
Target: 1.37500 (4Hr support level)
Risk-Reward Estimation:
Metric Value
Entry 1.38767
Stop Loss 1.39412 (~65 pips)
Target 1.37500 (~127 pips)
Strengths of the Analysis:
FVG + Resistance Confluence:
Entry zone overlaps with an inefficiency zone and 4H resistance, providing a strong technical ceiling.
Logical Trade Structure:
Clear entry, stop, and target — perfect for risk-managed trading.
Momentum-Backed Setup:
Recent strong bearish momentum supports the retracement-and-drop scenario.
Short-Term Confirmation:
Bearish trend structure is intact, with lower highs and lower lows on this timeframe.
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.