When the daily candle leaves a long upper wick, every bounce becomes a seller's chance. BTC sits at 77024, just above yesterday's balance point — the PP pivot 77654, the level price closed below.
This is an H1 supply on three legs: the PP as dynamic resistance, an unfilled H4 gap right above it, and the round 78000. The higher-timeframe leg is that H4 FVG — the jump price left leaving supply, so a gap-fill then rejection is the clean read. It is the secondary layer: it only matters if price cannot reach the higher H4 supply.
Status: waiting for a pullback into the zone, not yet live. What breaks it is plain — an H1 close above the PP that holds squeezes shorts and pulls this leg's footing out; further up, an H1 close over 79204 ends the bearish read.
Open question: thin Asian liquidity may fake a sweep here before London arrives.
The three numbers stay off this post.
#XAUUSD #GOLD #TRADE
⚠️ Check the chart before acting: market context and price action may have moved past this entry.
This setup was planned ahead of time — it is a trading plan, not an automated entry signal.
This is an H1 supply on three legs: the PP as dynamic resistance, an unfilled H4 gap right above it, and the round 78000. The higher-timeframe leg is that H4 FVG — the jump price left leaving supply, so a gap-fill then rejection is the clean read. It is the secondary layer: it only matters if price cannot reach the higher H4 supply.
Status: waiting for a pullback into the zone, not yet live. What breaks it is plain — an H1 close above the PP that holds squeezes shorts and pulls this leg's footing out; further up, an H1 close over 79204 ends the bearish read.
Open question: thin Asian liquidity may fake a sweep here before London arrives.
The three numbers stay off this post.
#XAUUSD #GOLD #TRADE
⚠️ Check the chart before acting: market context and price action may have moved past this entry.
This setup was planned ahead of time — it is a trading plan, not an automated entry signal.
