Current price: 86.26
24H High: 88.58
24H Low: 84.34
🔹 Trend & Moving Averages
MA(7): 86.71 → Price slightly below short-term MA (minor weakness).
MA(25): 82.95
MA(99): 83.50
Price is above MA25 & MA99 → Medium-term bullish bias.
MA7 has flattened → short-term consolidation.
🔹 Structure
Strong impulsive move from 75.63 → 92.10
Now consolidating between 84.3 – 89.3
This looks like a bullish flag / range after expansion
🔹 Key Levels
Resistance: 88.50 – 89.30
Major Resistance: 92.10
Support: 84.30
Major Support: 82.80 – 83.50 (MA confluence zone)
📈 Intraday Trading Plan
Since price is consolidating, we prepare two scenarios:
🟢 Scenario 1: Bullish Breakout Trade (Higher Probability)
✅ Entry:
Buy on 4H candle close above 88.60
Or aggressive entry: 88.20–88.50 on strong volume breakout
🎯 Take Profit:
TP1: 90.50
TP2: 92.00
TP3 (extension): 94.00
🛑 Stop Loss:
Conservative: 85.80
Aggressive: 86.20
📌 R:R:
Approx 1:2 to 1:3 depending on target.
Why?
Break above consolidation range
Continuation of bullish structure
Targeting previous high liquidity at 92.10
🔴 Scenario 2: Rejection Short (If Resistance Holds)
✅ Entry:
Short between 88.50 – 89.30
Only if bearish rejection candle forms (long wick / engulfing)
🎯 Take Profit:
TP1: 86.20
TP2: 84.50
TP3: 83.50
🛑 Stop Loss:
90.20
📌 R:R:
Around 1:2
Why?
Clear horizontal resistance
Range-bound consolidation
Volume decreasing → breakout not confirmed yet
🟡 Scenario 3: Support Bounce Long
If price drops to 84.30 – 84.80:
✅ Entry:
Long in that zone with bullish confirmation
🎯 Take Profit:
87.80
89.00
🛑 Stop Loss:
82.90
⚠️ Important Notes
Volume is declining → breakout needs confirmation.
Do NOT trade mid-range (86–87 zone).
Wait for confirmation candle on 4H or strong 1H momentum.
Risk per trade: max 1–2% of capital.
📌 Overall Bias
Short-term: Sideways Medium-term: Bullish Best setup: Breakout above 88.60
If you'd like, I can also:
Refine this into a scalping plan (15m/1H)
Add Fibonacci levels
Or calculate position size based on your capital
