ETHUSD PRICE ACTION ANALYSIS
Current Market Condition
Price has created a Higher High (HH) directly inside a major supply zone around 3240–3260.
Strong impulse rally from the LL → HL → HH structure (bullish trend).
Price is now overextended into resistance → likely for a pullback.
🔥 1. SELL SETUP (Rejection from Supply Zone)
Price is already inside a big supply zone (3,240 – 3,260).
📍 Sell Entry
3240 – 3255 (inside the blue supply zone)
🛑 SL (Safe Stop)
3275
🎯 TP Targets
1️⃣ 3196
2️⃣ 3071
3️⃣ 2966
4️⃣ 2885 (demand zone)
🟢 2. BUY SETUP (Breakout + Retest)
Only buy if price closes above 3275.
📍 Buy Entry
Above 3275 + retest of 3250–3260
🛑 SL
3220
🎯 TP
1️⃣ 3340
2️⃣ 3380
3️⃣ 3450
🟢 3. PULLBACK BUY (Best & Safe Buy Zone)
Look for price to retrace into demand areas.
📍 Pullback Buy Zones
Zone A:
3196 – 3170
Very strong FVG + demand
SL: 3140
TP: 3240 → 3275
Zone B (Bigger Pullback):
3071 – 3050
Clean structure support + liquidity level
SL: 3010
TP: 3150 → 3240 → 3300
🔻 4. PULLBACK SELL (If price breaks down)
Only if price breaks 3196 and retests.
📍 Pullback Sell Entry
3190 – 3205 retest
🛑 SL
3230
🎯 TP
1️⃣ 3071
2️⃣ 2966
3️⃣ 2885
🚫 5. NO-TRADE ZONE
3210 – 3240
Reason:
This is the mid-range of supply zone
Candles are mixed
Not safe to buy or sell until rejection or breakout
⭐ FINAL SUMMARY (Keep for Your Chart)
🔥 SELL (Current Best Setup)
Entry: 3240–3255
SL: 3275
TP: 3196 → 3071 → 2966 → 2885
🟢 BUY (Breakout)
Entry: above 3275 (retest 3250–3260)
SL: 3220
TP: 3340 → 3380 → 3450
🟢 PULLBACK BUY
Zone A: 3196–3170 (SL 3140)
Zone B: 3071–3050 (SL 3010)
TP: 3240 → 3275 → 3300
🔻 PULLBACK SELL
If price breaks 3196
Entry: 3190–3205
SL: 3230
TP: 3071 → 2966 → 2885
🚫 NO-TRADE ZONE: 3210–3240
Current Market Condition
Price has created a Higher High (HH) directly inside a major supply zone around 3240–3260.
Strong impulse rally from the LL → HL → HH structure (bullish trend).
Price is now overextended into resistance → likely for a pullback.
🔥 1. SELL SETUP (Rejection from Supply Zone)
Price is already inside a big supply zone (3,240 – 3,260).
📍 Sell Entry
3240 – 3255 (inside the blue supply zone)
🛑 SL (Safe Stop)
3275
🎯 TP Targets
1️⃣ 3196
2️⃣ 3071
3️⃣ 2966
4️⃣ 2885 (demand zone)
🟢 2. BUY SETUP (Breakout + Retest)
Only buy if price closes above 3275.
📍 Buy Entry
Above 3275 + retest of 3250–3260
🛑 SL
3220
🎯 TP
1️⃣ 3340
2️⃣ 3380
3️⃣ 3450
🟢 3. PULLBACK BUY (Best & Safe Buy Zone)
Look for price to retrace into demand areas.
📍 Pullback Buy Zones
Zone A:
3196 – 3170
Very strong FVG + demand
SL: 3140
TP: 3240 → 3275
Zone B (Bigger Pullback):
3071 – 3050
Clean structure support + liquidity level
SL: 3010
TP: 3150 → 3240 → 3300
🔻 4. PULLBACK SELL (If price breaks down)
Only if price breaks 3196 and retests.
📍 Pullback Sell Entry
3190 – 3205 retest
🛑 SL
3230
🎯 TP
1️⃣ 3071
2️⃣ 2966
3️⃣ 2885
🚫 5. NO-TRADE ZONE
3210 – 3240
Reason:
This is the mid-range of supply zone
Candles are mixed
Not safe to buy or sell until rejection or breakout
⭐ FINAL SUMMARY (Keep for Your Chart)
🔥 SELL (Current Best Setup)
Entry: 3240–3255
SL: 3275
TP: 3196 → 3071 → 2966 → 2885
🟢 BUY (Breakout)
Entry: above 3275 (retest 3250–3260)
SL: 3220
TP: 3340 → 3380 → 3450
🟢 PULLBACK BUY
Zone A: 3196–3170 (SL 3140)
Zone B: 3071–3050 (SL 3010)
TP: 3240 → 3275 → 3300
🔻 PULLBACK SELL
If price breaks 3196
Entry: 3190–3205
SL: 3230
TP: 3071 → 2966 → 2885
🚫 NO-TRADE ZONE: 3210–3240
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.
