The Main Idea:
I used CISD on the daily frame to determine a straight line between a red and a green candle, where the green candle broke this line without returning to test it. This gave an initial signal for a potential significant price gap (FVG).
🔍 The Price Gap:
When moving to the hourly frame, a price gap was identified between 427 and 430, which is the same area identified on the daily frame. This alignment between frames enhances the strength of the area as a level of attraction.
📈 Scenarios:
Bullish Scenario: If the hourly or four-hour candle touches the price gap area (427–430) and then bounces, it supports entering a buy trade. The price has already quickly reached 427, confirming the strength of the area.
Bearish Scenario: If a weekly candle closes below the 427 level, it gives a negative bias for the upcoming week.
📊 Technical Indicators:
Current Price: 435.64 USDT
EMA(9): 448.50
EMA(21): 453.07
EMA(200): 420.94
MACD: Currently negative but can improve with bullish candles.
✅ Entry Plan:
Gradual entry from 421 and 427
Stop Loss below 420
Initial target 455 and 460 and monitor at 476
This was our analysis for yesterday, which did not give us a direction but was a strong manipulation up and down with a break and then a false break and went up and down again forcefully 👌
