Analysis :

Market Structure

• Previous Trend: Strong bullish momentum from mid-January to early March, forming higher highs and higher lows.
• Current Trend: Price rejected from the highs near 2,980 and started consolidating. Market structure shift occurred when price broke below 2,900, signalling short-term weakness.
• Recent Price Action: Price is attempting to recover from the dip.
• Bias: Neutral to Bullish (if price stays above support and reclaims 2,920).

Order Blocks & Institutional Zones

• Bullish Order Block (Demand Zone): 2,880 - 2,900 If price stays above this zone, expect a continuation upwards.
• Bearish Order Block (Supply Zone): 2,940 - 2,960 This is a key resistance where Smart Money may take profits or short.
• If price breaks below 2,880, it could indicate further downside.

Trading Plan

• Bullish Setup (High-Probability Trade)
• Entry: Buy on retest of 2,900 - 2,910.
• Target 1: 2,940 (Liquidity Grab).
• Target 2: 2,960 (Supply Zone).
• Stop-Loss: Below 2,880.
• Risk-Reward Ratio: 1:2

Bearish Setup (Only If Price Rejects 2,940 - 2,960)

• Entry: Sell only if there’s a strong rejection at 2,940 - 2,960.
• Target 1: 2,910 (FVG Fill).
• Target 2: 2,880 (Demand Zone).
• Stop-Loss: Above 2,970.
• Risk-Reward Ratio: 1:2.

Happy Trading!