Market Structure: ๐ป Bearish
The H4 chart shows a clear sequence of lower highs and lower lows, indicating that sellers remain in control.
Key Levels
- Resistance 1: 4268
- Resistance 2: 4370
- Major Resistance: 4546
- Current Support: 4152
- Major Support: 4058
Price Action
- Price recently rejected the 4268 resistance zone and dropped sharply.
- The market is currently testing the 4152 support area.
- A break below 4152 could open the way toward 4058 support.
- Buyers need a strong recovery above 4268 to regain short-term bullish momentum.
Trading Scenarios
Bearish Setup (Preferred)
- Sell below 4152
- Targets: 4100 โ 4058
- Stop Loss: Above 4268
Bullish Setup
- Buy only after a confirmed H4 close above 4268
- Targets: 4370 โ 4546
- Stop Loss: Below 4152
Conclusion
The overall H4 trend remains bearish. As long as price stays below 4268, sellers have the advantage. Watch 4152 closelyโits breakdown would favor further downside toward 4058.
MQL5 ํ๋กํ
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