We got our three drive into the supply zone. A bit more grinding price action than suspected, but the short blow-out on news provided decent ltf setups to get into a short or at least take some risk off longs.
We just lost H4 trend for the first time since 95k.
A few scenarios:
- quick reclaim of trend and the little range we were forming up here
- deeper pullback into the demand zone around 96-97k. This lines up with the weekly range poc as well. Since we reclaimed that VA, we traded it very cleanly (reclaim to poc, VAL tap, VAH)
- keep an eye on the H4 fvg we created at the higher levels of the H4 trend zone. This could provide a decent short setup again.
- If 96k doesn't hold, look to wherever H4 ema 100 and 200 are trading at that time. After longer trends, they tend to give a good first reaction at least.
We just lost H4 trend for the first time since 95k.
A few scenarios:
- quick reclaim of trend and the little range we were forming up here
- deeper pullback into the demand zone around 96-97k. This lines up with the weekly range poc as well. Since we reclaimed that VA, we traded it very cleanly (reclaim to poc, VAL tap, VAH)
- keep an eye on the H4 fvg we created at the higher levels of the H4 trend zone. This could provide a decent short setup again.
- If 96k doesn't hold, look to wherever H4 ema 100 and 200 are trading at that time. After longer trends, they tend to give a good first reaction at least.
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Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.