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– Price Action Analysis (1H)

This is only my personal Price Action analysis based on my own trading perspective. I am not providing any buy or sell signals, nor is this financial advice. Please make your trading decisions based on your own analysis and risk management.

According to my chart, the 4070–4061 area is a potential selling zone. If price revisits this zone and prints a valid price action confirmation (such as a bearish rejection, bearish engulfing candle, or market structure shift), then it may present a potential selling opportunity.

Potential Take Profit (TP) Levels:

TP1: 4032
TP2: 4019

In my view, 4032 is the better level to consider taking profits, as it aligns with a potential demand area where buyers could step back into the market.

However, if the market shows a strong bullish reaction from the 4032 demand zone, there is a possibility that price could move higher again. That is why confirmation is essential before considering any entry.

Disclaimer:
This post is shared for educational and market analysis purposes only. It is not a or advice. Always wait for proper confirmation and follow your own risk management before entering any trade.

Weekly analysis
If this weekly candle closes bullish with a strong body and buying momentum, it will indicate that buyers are maintaining control. This increases the probability of bullish continuation into the following week. However, I will only look for long opportunities if price continues to respect the weekly market structure, holds above key support, and prints bullish confirmation on lower timeframes. A weekly bullish close improves the odds, but price action always has the final say.

That said, until the market opens and fresh price action develops, no directional bias can be confirmed with confidence. The opening sessions will provide valuable information about market sentiment, liquidity, and momentum, allowing us to assess whether buyers are truly in control or if the market has a different plan.