Timeframe: 4H
Trend Bias: Bearish
Structure: V10 has been in a major downtrend since July 2023, forming swing highs and lows within a descending channel on the daily timeframe.
Price recently prints a Bullish pullback towards 5578.840 resistance level, However price couldnt break through above leading to a break of structure towards the downside. Price is currenty at the major support level 5515.298. Breaking this level will lead to a formation of a new bearish order block and a full shift towards a sell continuation targeting the previous 4-hour swing low at 5464.812. while its also important to note what happens buyers defend the 5515298 support, we might see a pull back up towards the minor resistance at 5542 region. So it is important to wait for a clean breakout (Bearish Candle) or a rejection indication (pin bar, Hammer or bullish engulfment at the close of current 4-hour candle before taking any trade action.
Signal Setup
🔻 Sell Setup (if bearish)
Entry: 5547 -5560.254
Stop Loss: 5567.922
Take Profit:
TP1: 5517.432
TP2: 5464.812
TP3: 5434.827
Confidence Level: 80%
Reason: [Clean Break of structure + Bearish FVG + Retest of Bearish Order Block]
🔺 Buy Setup (if bullish or reversal)
Entry: 5520 - 5525
Stop Loss: 5503
Take Profit:
TP1: 5545
TP2: 5560
TP3: 5578
Confidence Level: 40%
Reason: [Bullish rejection at support Bounce from demand zone + bullish confirmation candle, hammer, bullish engulfment]
🧠 Trader’s Note
Wait for confirmation candle before entry. Use 1–2% risk per trade. Avoid overtrading. Remember small growth is still progress.