Short opportunities can be considered if the price is rejected strongly around 90,472.4 or 92,288, especially if confirmation signals such as bearish pin bars, engulfing patterns, or reversal signals appear on smaller timeframes like 5-15 minutes after a liquidity sweep at resistance.
- If the price breaks down support at 89,766.4 with a clear candle body, the possibility of further decline to the areas of 89,478.0 and 89,260.6 opens up. Wait for confirmation such as a failed retest below the broken support. - For a long scenario, it is advisable to wait for manipulation or a sweep below the lowest swing of 89,266.4, then watch for bullish engulfing or strong reversal signals around 89,260s/87,772.5. - Short entries can be made around 90,472.4 or 92,288 (after a reversal candle confirmation), with take profit at the areas of 89,766.4 – 89,478.0, and stop loss at the nearest swing high. - Long entries can be considered around 89,260.6 or 87,772.5 after a sweep and reversal confirmation, with take profit around 90,472.4 then 92,288, and stop loss at the nearest swing low.()
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Short opportunities can be considered if the price is rejected strongly around 90,472.4 or 92,288, especially if confirmation signals such as bearish pin bars, engulfing patterns, or reversal signals appear on smaller timeframes like 5-15 minutes after a liquidity sweep at resistance.
- If the price breaks down support at 89,766.4 with a clear candle body, the possibility of further decline to the areas of 89,478.0 and 89,260.6 opens up. Wait for confirmation such as a failed retest below the broken support.
- For a long scenario, it is advisable to wait for manipulation or a sweep below the lowest swing of 89,266.4, then watch for bullish engulfing or strong reversal signals around 89,260s/87,772.5.
- Short entries can be made around 90,472.4 or 92,288 (after a reversal candle confirmation), with take profit at the areas of 89,766.4 – 89,478.0, and stop loss at the nearest swing high.
- Long entries can be considered around 89,260.6 or 87,772.5 after a sweep and reversal confirmation, with take profit around 90,472.4 then 92,288, and stop loss at the nearest swing low.()