price is now on demand zone key level with long tail pinbar to confirm
Weekly time frame made very long up candle continuity with no pull back yet Daily is made higher low On 4H timeframe price cannot make up trend continues (CSC) price is now below weekly resistance and 4H supply zone by price structure this is very good point to open short position
all big chart structure like weekly and daily chart is clear downtrend 4H chart price structure cannot make clear uptrend continue structure (as you can see 4H HH not close clearly above previous high) Now price is below 4H supply zone so i risk by short position with 1.2 RR
Accumulation Schematic is show with on balance volume bullish divergence
Accumulation Schematic phase is show on the left side of the chart on the right chart i use SNRC2 setup to entry
Price is now on 4H supply zone also i can see biggest sell volume since 11 May Is this mean some big player trying to protect this area again? this is against trend trade that might not good so you can wait 4H and 1H chat make LL and HL confluently before entry this trade to make it more safety