From the 4H chart you posted, here's a quick breakdown first:
Trend: We're seeing bearish pressure overall after a strong bullish leg. The price is under important retracement levels (0.382, 0.5, 0.618 Fib retracements).
Key Levels:
Strong resistance zone at 3340-3352 (aligned with Weekly Highs, Daily Highs, and a Supply Zone).
Immediate support around 3290 and 3228 (Weekly Open and previous price clusters).
Volume Delta: -3.72% macro (bearish), showing sellers have the upper hand currently.
Important Price Zones:
Sell zone: 3328-3340
Buy zone: 3228-3206
Scalping Strategy on 15-Minute (assuming London / NY crossover sessions):
Bias: Slightly bearish unless strong bullish reversal signals appear.
Ideal sessions: London Open (7-9 AM GMT) and NY Crossover (12-3 PM GMT).
Possible Scalping Setups
1. Sell Setup:
Trigger: If price retraces back up to 3328-3337 zone during London open or NY crossover and shows rejection (pin bars, engulfing patterns on 15M).
Entry: Short at around 3330-3335.
SL: Above 3345.
TP1: 3308 (Sell level on chart).
TP2: 3290.
Bonus TP: 3270 if momentum strong.
2. Buy Setup:
Trigger: If price dips into 3228-3206 (near Weekly Open) and shows bullish reaction (hammer, bullish engulfing).
Entry: Long between 3220-3230.
SL: Below 3200.
TP1: 3254.
TP2: 3270.
Bonus TP: 3290 if NY session volume kicks in.
Trend: We're seeing bearish pressure overall after a strong bullish leg. The price is under important retracement levels (0.382, 0.5, 0.618 Fib retracements).
Key Levels:
Strong resistance zone at 3340-3352 (aligned with Weekly Highs, Daily Highs, and a Supply Zone).
Immediate support around 3290 and 3228 (Weekly Open and previous price clusters).
Volume Delta: -3.72% macro (bearish), showing sellers have the upper hand currently.
Important Price Zones:
Sell zone: 3328-3340
Buy zone: 3228-3206
Scalping Strategy on 15-Minute (assuming London / NY crossover sessions):
Bias: Slightly bearish unless strong bullish reversal signals appear.
Ideal sessions: London Open (7-9 AM GMT) and NY Crossover (12-3 PM GMT).
Possible Scalping Setups
1. Sell Setup:
Trigger: If price retraces back up to 3328-3337 zone during London open or NY crossover and shows rejection (pin bars, engulfing patterns on 15M).
Entry: Short at around 3330-3335.
SL: Above 3345.
TP1: 3308 (Sell level on chart).
TP2: 3290.
Bonus TP: 3270 if momentum strong.
2. Buy Setup:
Trigger: If price dips into 3228-3206 (near Weekly Open) and shows bullish reaction (hammer, bullish engulfing).
Entry: Long between 3220-3230.
SL: Below 3200.
TP1: 3254.
TP2: 3270.
Bonus TP: 3290 if NY session volume kicks in.
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.