🔥 Weekly Overview:
Price has just rejected the weekly EMA after forming a strong rejection candle. This signals potential support at the dynamic level and hints at a bullish shift. Buyers are likely stepping in from this zone.
📅 Daily Chart Explanation:
On the daily timeframe, price has broken its internal bearish structure and flipped to the buy side. It is now trading above both the 14EMA and 50EMA, using them as dynamic support. This shift confirms the transition from a downtrend into a new bullish leg.
⏱ 4H Chart Explanation:
The 4H chart shows a clean structure break to the upside, with price now making Higher Highs and Higher Lows. The 4H 50EMA is now acting as support. A strong bullish move has confirmed the presence of buyers, and the market is favoring long positions.
📌 Plan
Bias: Bullish
Entry: Wait for a pullback to the 4H discounted zone (around 50EMA or structure support) and look for confirmation (bullish engulfing, pin bar, or trendline bounce) on the 1H or 15M chart.
Targets:
🎯 TP1: Previous daily high
🎯 TP2: Weekly resistance zone or supply area
Invalidation: If price breaks and closes below the recent 4H Higher Low and the 50EMA with bearish momentum.
Price has just rejected the weekly EMA after forming a strong rejection candle. This signals potential support at the dynamic level and hints at a bullish shift. Buyers are likely stepping in from this zone.
📅 Daily Chart Explanation:
On the daily timeframe, price has broken its internal bearish structure and flipped to the buy side. It is now trading above both the 14EMA and 50EMA, using them as dynamic support. This shift confirms the transition from a downtrend into a new bullish leg.
⏱ 4H Chart Explanation:
The 4H chart shows a clean structure break to the upside, with price now making Higher Highs and Higher Lows. The 4H 50EMA is now acting as support. A strong bullish move has confirmed the presence of buyers, and the market is favoring long positions.
📌 Plan
Bias: Bullish
Entry: Wait for a pullback to the 4H discounted zone (around 50EMA or structure support) and look for confirmation (bullish engulfing, pin bar, or trendline bounce) on the 1H or 15M chart.
Targets:
🎯 TP1: Previous daily high
🎯 TP2: Weekly resistance zone or supply area
Invalidation: If price breaks and closes below the recent 4H Higher Low and the 50EMA with bearish momentum.
Nota
Both entry triggered. The swap is high 😂
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.