Hello,
In today's trade analysis, I will review potential setups for this trading day. Since the overall trend is bearish, I favor short positions over long positions.
I have identified two important zones on the 4H timeframe that align well with the 1H timeframe.
4H supply zone: 5,643 - 5,630
4H demand zone: 5,577 - 5,558
We've seen both false breakouts and breakdowns in recent days, indicating choppy market conditions.
My plan is to either go short in the upper 4H supply zone or short a breakdown of the 4H demand zone. For the latter, I'll wait for the candle to close below the zone and set my entry on a retest.
In today's trade analysis, I will review potential setups for this trading day. Since the overall trend is bearish, I favor short positions over long positions.
I have identified two important zones on the 4H timeframe that align well with the 1H timeframe.
4H supply zone: 5,643 - 5,630
4H demand zone: 5,577 - 5,558
We've seen both false breakouts and breakdowns in recent days, indicating choppy market conditions.
My plan is to either go short in the upper 4H supply zone or short a breakdown of the 4H demand zone. For the latter, I'll wait for the candle to close below the zone and set my entry on a retest.
Ordine annullato
We got the breakdown I was looking for. It retraced back to the demand zone, which is now resistance. However, my entry didn't get hit, so I decided to cancel the trade.
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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.