The key trading zones from yesterday's analysis remain unchanged.
Yesterday's plan was to short at the demand zone retest after the breakdown, but the trade was cancelled since price never reached my entry point.
Today, I'll be watching for either a short opportunity at the 4H supply zone or a long position after a breakout and retest of the supply zone.
Follow me for more trading updates.
Yesterday's plan was to short at the demand zone retest after the breakdown, but the trade was cancelled since price never reached my entry point.
Today, I'll be watching for either a short opportunity at the 4H supply zone or a long position after a breakout and retest of the supply zone.
Follow me for more trading updates.
Trade closed manually
We reached the 4H supply zone and noticed momentum struggling, indicating rejection. As planned, I went short with an entry at 5638.25. Since it was close to market close, it ended up being a small trade with only 9 points of profit.We'll see what the market brings next week
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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.
Related publications
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.