Price recently swept the previous low around 3,282, tapping into a key demand zone and showing strong bullish reaction. We’ve now closed back above the 50 EMA on the 4H, indicating potential strength returning to the upside.
Breakdown:
• Entry: 3,318
• SL: 3,282 (below liquidity zone)
• TP1: 3,361
• TP2: 3,387 (prior supply / imbalance fill)
Market Structure: Bullish BOS (Break of Structure) confirmed after a higher low formed. Clean rejection wicks near the 3,282 support area show buyers stepping in aggressively.
Bias: Bullish unless we break and hold below 3,282 – would then reassess for potential shift.
Technical Confluence:
• Bullish engulfing candle after liquidity sweep.
• 50 EMA acting as dynamic support.
• Clear FVG (Fair Value Gap) above yet to be filled.
Watch closely for a strong 4H close above 3,320 to confirm bullish momentum. Tight risk, high reward setup — patience is key.
🧠 Smart money concepts in action
🚀 If you find value, like & share
📊 Follow for daily price action plays
Breakdown:
• Entry: 3,318
• SL: 3,282 (below liquidity zone)
• TP1: 3,361
• TP2: 3,387 (prior supply / imbalance fill)
Market Structure: Bullish BOS (Break of Structure) confirmed after a higher low formed. Clean rejection wicks near the 3,282 support area show buyers stepping in aggressively.
Bias: Bullish unless we break and hold below 3,282 – would then reassess for potential shift.
Technical Confluence:
• Bullish engulfing candle after liquidity sweep.
• 50 EMA acting as dynamic support.
• Clear FVG (Fair Value Gap) above yet to be filled.
Watch closely for a strong 4H close above 3,320 to confirm bullish momentum. Tight risk, high reward setup — patience is key.
🧠 Smart money concepts in action
🚀 If you find value, like & share
📊 Follow for daily price action plays
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.