As we head into the new trading week, GC presents a clean, disciplined short setup developing right below Friday’s key high. Price tapped the Previous Day High ($3,368) and supply zone before rejecting, failing to hold bullish momentum into the weekend close.
The market structure is currently defined by:
- A strong upward trend line (supporting the latest rally)
- A bearish order block/supply zone
- Two Fair Value Gaps below
- A failure to sustain above PDH
This confluence builds a narrative of exhaustion to the upside, especially with no aggressive buyers stepping in after PDH was swept. We're not short yet this setup needs confirmation. But once it breaks, it's clean.
Entry (Trigger) - $3,353.0
A clean break below the ascending trend line, ideally with a 1H close through it. This confirms structure shift and bearish intent.
- TP1: $3,344.0 → Top of the unfilled FVG zone
- TP2: $3,337.6 → Previous Day Low (PDL) and liquidity target
Kill Switch (Invalidation Level) - $3,371.6
If the market opens strong and pushes through the PDH and supply zone, the short idea is invalid. No shorts above here.
Confluences
- PDH Rejection - Strong wick and reversal from $3,368 shows supply dominance.
- Trend line Weakness – Price stalling right at the trend line heading into open. Any gap down or weak open will break it.
- FVG Below – Unfilled inefficiency sitting directly beneath current price this is a natural magnet.
- Volume & Momentum Divergence – Last push into highs had lower volume, suggesting buyer fatigue.
- Time-Based Edge – Sunday night liquidity traps often lead into London session reversals ideal timing for trend line break & FVG sweep.
- Clean Invalidator – No ambiguity: reclaim the highs = setup is off.
Timing & Execution Plan
This is not a trade to rush into at Sunday open. We want the 1H candle to close below $3,353.0 or a rejection + retest structure. The key sessions to monitor are:
- Sunday Night (Low Liquidity) - Observe gaps or traps
- London Open (8:00–9:00 UK) - Look for momentum or stop run
- NY Open (13:30 UK) - Final confirmation if London doesn't move it
Only act on confirmation. No guesswork. No front-running. Let the setup play out. If the market opens strong and climbs above $3,371.6, we’re no longer looking short. In that case:
- Supply zone is invalidated
- Trend line is reclaimed
- FVG becomes invalid magnet
We stand aside and reassess the long side on intraday demand reclaims or wait for a deeper correction to re-engage. This setup is a textbook bearish, high-probability, low-risk, confirmation-driven. It has everything we look for: structure break, inefficient price gap, prior liquidity sweep, and a defined invalidation. All that’s left is for the market to open and print.
If it confirms, it moves fast.
The market structure is currently defined by:
- A strong upward trend line (supporting the latest rally)
- A bearish order block/supply zone
- Two Fair Value Gaps below
- A failure to sustain above PDH
This confluence builds a narrative of exhaustion to the upside, especially with no aggressive buyers stepping in after PDH was swept. We're not short yet this setup needs confirmation. But once it breaks, it's clean.
Entry (Trigger) - $3,353.0
A clean break below the ascending trend line, ideally with a 1H close through it. This confirms structure shift and bearish intent.
- TP1: $3,344.0 → Top of the unfilled FVG zone
- TP2: $3,337.6 → Previous Day Low (PDL) and liquidity target
Kill Switch (Invalidation Level) - $3,371.6
If the market opens strong and pushes through the PDH and supply zone, the short idea is invalid. No shorts above here.
Confluences
- PDH Rejection - Strong wick and reversal from $3,368 shows supply dominance.
- Trend line Weakness – Price stalling right at the trend line heading into open. Any gap down or weak open will break it.
- FVG Below – Unfilled inefficiency sitting directly beneath current price this is a natural magnet.
- Volume & Momentum Divergence – Last push into highs had lower volume, suggesting buyer fatigue.
- Time-Based Edge – Sunday night liquidity traps often lead into London session reversals ideal timing for trend line break & FVG sweep.
- Clean Invalidator – No ambiguity: reclaim the highs = setup is off.
Timing & Execution Plan
This is not a trade to rush into at Sunday open. We want the 1H candle to close below $3,353.0 or a rejection + retest structure. The key sessions to monitor are:
- Sunday Night (Low Liquidity) - Observe gaps or traps
- London Open (8:00–9:00 UK) - Look for momentum or stop run
- NY Open (13:30 UK) - Final confirmation if London doesn't move it
Only act on confirmation. No guesswork. No front-running. Let the setup play out. If the market opens strong and climbs above $3,371.6, we’re no longer looking short. In that case:
- Supply zone is invalidated
- Trend line is reclaimed
- FVG becomes invalid magnet
We stand aside and reassess the long side on intraday demand reclaims or wait for a deeper correction to re-engage. This setup is a textbook bearish, high-probability, low-risk, confirmation-driven. It has everything we look for: structure break, inefficient price gap, prior liquidity sweep, and a defined invalidation. All that’s left is for the market to open and print.
If it confirms, it moves fast.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.