HTF (4H) Structure
Trend: Still in a broad range; no clear higher high or lower low sequence.
Supply Zone: 57,250 – 57,400 (respected multiple times with strong rejections).
Demand Zone: 56,150 – 56,300 (held strongly on July 18–19 and July 22).
📌 Price got rejected cleanly from the 57,300+ supply zone and is now heading lower. Current structure shows mid-range weakness with supply dominance.
MTF (1H) View
Recent Reaction: Price formed a near double-top around 57,300, followed by a sharp bearish candle.
Trend Bias: Intraday lower high is confirmed; bears gained control at resistance.
Key Observation: No bullish candle formation yet to suggest reversal. Price is stair-stepping lower.
📌 Bearish engulfing at supply zone indicates strong rejection and short-term downside bias.
STF (15-min) Setup
Price Flow: Intraday supply zones respected (approx. 57,000–57,050).
Structure: Lower highs and lower lows forming; price losing steam post-supply.
No Demand Formed Yet: Minor pauses, but no confirmed demand zone until 56,200 area.
📌 Momentum shifted toward downside intraday. Price is retracing from highs without breaking any previous swing high.
Plan for July 23 (Tomorrow)
🟢 Buy Trade Plan (Only if demand tested):
Entry: Near 56,200–56,300 (retest of 4H demand)
SL: Below 56,100
Target 1: 56,750 (intraday resistance)
Target 2: 57,000 (mid supply)
Confirmation: Bullish engulfing or FVG reaction in 15min near demand.
💡 Buy only at HTF demand with reversal structure. Avoid chasing the move in between.
🔴 Sell Trade Plan (High Probability):
Entry: On rejection around 56,900–57,000 zone or bearish FVG formation
SL: Above 57,050
Target 1: 56,600
Target 2: 56,300
Most likely scenario: Price continues sliding down toward 56,300 demand area.
Trend: Still in a broad range; no clear higher high or lower low sequence.
Supply Zone: 57,250 – 57,400 (respected multiple times with strong rejections).
Demand Zone: 56,150 – 56,300 (held strongly on July 18–19 and July 22).
📌 Price got rejected cleanly from the 57,300+ supply zone and is now heading lower. Current structure shows mid-range weakness with supply dominance.
MTF (1H) View
Recent Reaction: Price formed a near double-top around 57,300, followed by a sharp bearish candle.
Trend Bias: Intraday lower high is confirmed; bears gained control at resistance.
Key Observation: No bullish candle formation yet to suggest reversal. Price is stair-stepping lower.
📌 Bearish engulfing at supply zone indicates strong rejection and short-term downside bias.
STF (15-min) Setup
Price Flow: Intraday supply zones respected (approx. 57,000–57,050).
Structure: Lower highs and lower lows forming; price losing steam post-supply.
No Demand Formed Yet: Minor pauses, but no confirmed demand zone until 56,200 area.
📌 Momentum shifted toward downside intraday. Price is retracing from highs without breaking any previous swing high.
Plan for July 23 (Tomorrow)
🟢 Buy Trade Plan (Only if demand tested):
Entry: Near 56,200–56,300 (retest of 4H demand)
SL: Below 56,100
Target 1: 56,750 (intraday resistance)
Target 2: 57,000 (mid supply)
Confirmation: Bullish engulfing or FVG reaction in 15min near demand.
💡 Buy only at HTF demand with reversal structure. Avoid chasing the move in between.
🔴 Sell Trade Plan (High Probability):
Entry: On rejection around 56,900–57,000 zone or bearish FVG formation
SL: Above 57,050
Target 1: 56,600
Target 2: 56,300
Most likely scenario: Price continues sliding down toward 56,300 demand area.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.