Chart Breakdown:
Consolidation Zone:
Price is ranging within a defined purple box, indicating accumulation/distribution behavior by smart money.
Fakeout Move:
A liquidity grab occurred at the top of the range (highlighted in orange), trapping breakout buyers before reversing sharply — a classic bull trap.
Current Price Action:
Price is drifting back toward the bottom of the range, hinting at a potential breakout to the downside.
Target Zone:
If the range fails, price is likely to sweep liquidity into the M15 Order Block (OB) around 3,350–3,356 – a potential buy zone for long entries.
Projection:
After tapping into the M15 OB, the price may push back up, possibly re-entering the consolidation zone before making a stronger move upward.
✅ Key Takeaways:
Avoid chasing breakouts in tight ranges — fakeouts are common.
M15 OB offers a high-probability reversal zone.
Patience pays: let price sweep liquidity and react before committing
Consolidation Zone:
Price is ranging within a defined purple box, indicating accumulation/distribution behavior by smart money.
Fakeout Move:
A liquidity grab occurred at the top of the range (highlighted in orange), trapping breakout buyers before reversing sharply — a classic bull trap.
Current Price Action:
Price is drifting back toward the bottom of the range, hinting at a potential breakout to the downside.
Target Zone:
If the range fails, price is likely to sweep liquidity into the M15 Order Block (OB) around 3,350–3,356 – a potential buy zone for long entries.
Projection:
After tapping into the M15 OB, the price may push back up, possibly re-entering the consolidation zone before making a stronger move upward.
✅ Key Takeaways:
Avoid chasing breakouts in tight ranges — fakeouts are common.
M15 OB offers a high-probability reversal zone.
Patience pays: let price sweep liquidity and react before committing
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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.
💰 Gold, GBP, & BTC Specialists | 📊 1K–1.5K Pips Weekly | 🚀 Accurate Charting & 🎯 Expert Account Management | 📌 Trusted Market Analysis
t.me/goldentradeinsights
t.me/goldentradeinsights
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.