Trading Journal Entry – [12 May 2025]
Trade Setup:
Monitoring a potential buy opportunity within the 0.9335 to 0.9305 range.
Rationale:
On the higher timeframes (H4/Daily), the price range between 0.9335 and 0.9305 marks a well-defined support zone. This area has previously acted as a reliable demand zone, with multiple rejections indicating strong interest from buyers. The consolidation and repeated bounce patterns suggest this level may serve as a base for accumulation.
Additionally, the pair is trading near the lower boundary of a broader range, and the recent price action indicates potential bullish absorption of selling pressure. This increases the likelihood of a reversal or corrective bounce from this zone. Will monitor lower timeframe confirmations, such as bullish engulfing candles or momentum shifts, before executing any buy orders.
Trade Setup:
Monitoring a potential buy opportunity within the 0.9335 to 0.9305 range.
Rationale:
On the higher timeframes (H4/Daily), the price range between 0.9335 and 0.9305 marks a well-defined support zone. This area has previously acted as a reliable demand zone, with multiple rejections indicating strong interest from buyers. The consolidation and repeated bounce patterns suggest this level may serve as a base for accumulation.
Additionally, the pair is trading near the lower boundary of a broader range, and the recent price action indicates potential bullish absorption of selling pressure. This increases the likelihood of a reversal or corrective bounce from this zone. Will monitor lower timeframe confirmations, such as bullish engulfing candles or momentum shifts, before executing any buy orders.
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.
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.