Price has been consolidating within the current Asian range after running last week’s high and today’s daily high. The move into D-H lacked strong momentum, and with a large unfilled H4 Fair Value Gap (3,350–3,372) below, I’m anticipating a retracement to rebalance liquidity before resuming the bullish trend.
Key Notes:
D-H (~3,436) acting as short-term resistance.
Watching for a sweep of D-H to create excess on the DOM, then a potential breakdown toward the H4 FVG.
Bearish path targets: 3,397 → 3,372 → 3,350.
Bullish continuation requires a clean breakout and hold above D-H with volume.
This scenario could set up a stronger bullish leg later in the week, especially if the retracement aligns with London or NY session volatility.
Key Notes:
D-H (~3,436) acting as short-term resistance.
Watching for a sweep of D-H to create excess on the DOM, then a potential breakdown toward the H4 FVG.
Bearish path targets: 3,397 → 3,372 → 3,350.
Bullish continuation requires a clean breakout and hold above D-H with volume.
This scenario could set up a stronger bullish leg later in the week, especially if the retracement aligns with London or NY session volatility.
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Related publications
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.