🔎 Market Structure Analysis
4H Chart
Price is moving inside a rising channel after recovering from the 53,600–53,700 demand zone.
Current rejection from 54,500 supply zone (aligned with FVG + resistance block).
Price is now testing the mid-channel support and minor bullish order block near 54,100–54,200.
Liquidity sweep was seen above 54,400 (quick rejection), indicating sellers defending this zone.
1H Chart
Clear up-channel structure intact, but price is consolidating between 54,100–54,400.
A market structure shift (MSS) is visible around 54,300 → short-term weakness developing.
If 54,100 breaks, imbalance + OB around 53,800–53,900 could act as next support.
15M Chart
Short-term liquidity sweep above 54,400 followed by a rejection → confirms supply zone strength.
Price is currently hovering around the ascending channel support line (54,200 zone).
OB + liquidity resting just below at 53,950–54,000 could trigger a bounce.
📌 Key Levels
Immediate Resistance Zones
54,400–54,500 → strong supply, repeated rejection
54,800–55,000 → next upside target if breakout happens
Immediate Support Zones
54,100–54,200 → channel + OB support (watch for breakdown)
53,800–53,900 → FVG + OB (high probability demand zone)
53,400–53,600 → major demand zone (swing support)
📊 Trade Plan for 9th September
Scenario 1 – Bullish Continuation
If price sustains above 54,200, look for long entries.
Targets: 54,400 → 54,500 → 54,800.
SL: Below 54,050.
Scenario 2 – Bearish Breakdown
If price breaks below 54,100 with momentum, expect decline towards:
53,900 (first demand fill)
Extended target: 53,600 (major demand zone).
Short entries possible on retest of 54,100 after breakdown.
SL: Above 54,300.
Scenario 3 – Range Play
If price remains stuck between 54,100–54,400, better to trade intraday scalps only.
Buy near 54,100 → Sell near 54,400 until breakout happens.
✅ Bias for Monday (9th Sept): Neutral-to-Bearish
Rejection from 54,400 suggests weakness.
Key decision point: 54,100 support → breakdown will accelerate bearish move.
4H Chart
Price is moving inside a rising channel after recovering from the 53,600–53,700 demand zone.
Current rejection from 54,500 supply zone (aligned with FVG + resistance block).
Price is now testing the mid-channel support and minor bullish order block near 54,100–54,200.
Liquidity sweep was seen above 54,400 (quick rejection), indicating sellers defending this zone.
1H Chart
Clear up-channel structure intact, but price is consolidating between 54,100–54,400.
A market structure shift (MSS) is visible around 54,300 → short-term weakness developing.
If 54,100 breaks, imbalance + OB around 53,800–53,900 could act as next support.
15M Chart
Short-term liquidity sweep above 54,400 followed by a rejection → confirms supply zone strength.
Price is currently hovering around the ascending channel support line (54,200 zone).
OB + liquidity resting just below at 53,950–54,000 could trigger a bounce.
📌 Key Levels
Immediate Resistance Zones
54,400–54,500 → strong supply, repeated rejection
54,800–55,000 → next upside target if breakout happens
Immediate Support Zones
54,100–54,200 → channel + OB support (watch for breakdown)
53,800–53,900 → FVG + OB (high probability demand zone)
53,400–53,600 → major demand zone (swing support)
📊 Trade Plan for 9th September
Scenario 1 – Bullish Continuation
If price sustains above 54,200, look for long entries.
Targets: 54,400 → 54,500 → 54,800.
SL: Below 54,050.
Scenario 2 – Bearish Breakdown
If price breaks below 54,100 with momentum, expect decline towards:
53,900 (first demand fill)
Extended target: 53,600 (major demand zone).
Short entries possible on retest of 54,100 after breakdown.
SL: Above 54,300.
Scenario 3 – Range Play
If price remains stuck between 54,100–54,400, better to trade intraday scalps only.
Buy near 54,100 → Sell near 54,400 until breakout happens.
✅ Bias for Monday (9th Sept): Neutral-to-Bearish
Rejection from 54,400 suggests weakness.
Key decision point: 54,100 support → breakdown will accelerate bearish move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.