Technical Zones & Structure

21 Jun

Technical Zones & Structure
🔹 Bearish Rejection Zone (Supply Area)
Price tapped into a strong supply zone at the top blue box, aligning with trendline resistance.

Immediate reaction followed by sharp bearish candle shows potential liquidity grab and smart money sell-off.

🔹 Demand Zone
Mid-chart gray/blue zone is a key reaction area that price may retest before confirming further downside.

Market Structure
I’ve drawn a rising wedge, which price has already broken down from = bearish reversal signal.

Pullback anticipated into the broken structure zone (gray) → potential entry zone for short.

Trade Idea (as visualized)
Sell Setup Plan:

✅ Ideal Entry: Retest of broken wedge / demand-turned-supply (~1.84750–1.84900)

🎯 Target 1: 1.84300 zone

🎯 Target 2: 1.83500 (bottom demand zone)

🛑 SL: Above previous high / upper blue supply (~1.85300+)

SET and FORGET

23 Jun

Dagangan ditutup: hentian tercapai

Trade reached TP1 before pulling back and hitting SL. Partial profits were secured, but overall the trade closed in loss due to TP2 structure failure.

⚠️ Cause of Loss:

Late timing due to 3:45 PM USD news spike; also, second retest of OB is often lower probability. Price reacted to TP1 zone but lacked strength to continue lower.
⚠️ Cause of Loss:

Entry was technically sound, but timing was too close to USD news (3:45 PM), which caused sudden volatility against the setup. Also, price had already reacted once — second retests are often lower probability.