1. DAILY TIMEFRAME — DETERMINE DIRECTION
Trend: After a strong rally that reached a high near 2,800, price is now in a deep pullback/correction. Price has fallen below the EMA20 and EMA50 (yellow/orange) but remains above the EMA200 (purple), around the 2,310 area.
Structure: The medium-term uptrend has not been completely broken, as price is still holding a higher low than the previous major low. However, the short-term structure on the daily chart is currently in a corrective downtrend.
Price position: Price is currently trading at 2,444.08, approaching the dynamic EMA200 support zone (around 2,310–2,400).
D conclusion: BUY bias (Prioritize looking for BUY opportunities in line with the broader trend, as price has reached a deep discount zone near major support, but wait for a clear reversal confirmation signal). Do not use the D timeframe to enter trades.
2. H4 TIMEFRAME — IDENTIFY STRUCTURE + LOCATION
D & H4 relationship: D is bullish during a pullback; H4 has just experienced a sharp downward wave to the 2,320–2,340 low, followed by a long lower wick and a rebound.
H4 structure: Price swept the short-term low (around 2,320–2,340), then formed a candle with a strong lower wick, indicating solid buying pressure. It is attempting to recover above the short-term EMAs.
Key price zones (H4 Zone):
Demand / Support Zone: 2,320–2,400 (The recent low, where price showed a strong rejection with a long lower wick).
Supply / Resistance Zone: 2,500–2,545 (The H4 EMA200 confluences with previous resistance).
Room to TP: There is still around 60–100 points between the current price (2,444) and the H4 resistance zone (2,500–2,545), providing enough room for a favorable R:R.
H4 conclusion: The preferred BUY entry zone is 2,380–2,410 (if price pulls back to retest), or wait for a decisive breakout. No trade entry on H4 yet.
3. H1 TIMEFRAME — IDENTIFY THE SETUP (SETUP)
Status: After touching the 2,320 low, price made a strong V-shaped rebound to 2,460 and is now moving sideways in a consolidation range.
H1 structure: Price has formed a new short-term high above the previous bearish candles and a higher low around 2,400–2,420.
Price Action & Momentum: H1 RSI has exited oversold territory and crossed above 50, clearly indicating that buying pressure is returning.
H1 conclusion: A BUY setup is forming (H1 structure has shifted to a bullish recovery; wait patiently for an M15 entry trigger).
4. M15 TIMEFRAME — CONFIRMATION + EXECUTION
M15 status: Price is trading above the EMA20/50/200, indicating that buyers are in control on the short-term timeframe.
Detailed action plan:
🎯 BUY scenario (Primary preference)
Trigger condition: Wait for a slight pullback to the M15 EMA confluence zone around 2,410–2,430.
M15 signal: A rejection candle/long lower-wick pin bar or bullish engulfing pattern appears, while the Higher Low (HL) structure on M15 holds.
Planned trade parameters:
Entry: 2,415–2,430 (Wait for a slight pullback on M15)
Stop Loss (SL): 2,375 (Set below the short-term M15/H1 reaction low to invalidate the setup if price breaks below it).
Take Profit (TP):
TP1: 2,500 (Short-term H4 EMA resistance).
TP2: 2,540 (Strong H4/EMA200 resistance zone).
Risk-to-reward ratio (R:R): ~1:2 to 1:2.8.
⛔ RISK MANAGEMENT NOTES
Avoid FOMO: M15 is moving sideways close to the 2,460 rebound high. Absolutely do not chase a BUY at the current price of 2,444; be patient and wait for price to test the M15 support zone or for a clear breakout signal.
Stick to your discipline: If price does not pull back and instead breaks straight below 2,375, the short-term BUY scenario is invalidated, and you must stay completely out of the market.
