Trading Journal Entry – [12 May 2025]
Trade Setup:
Considering a sell limit order around the 1.12759 level.
Rationale:
Upon analyzing the higher timeframes (H4/Daily), I’ve identified multiple key resistance zones converging near the 1.12759 area. This price level has acted as a significant supply zone in the past, where selling pressure has consistently overwhelmed buying interest. Additionally, the current market structure shows signs of bullish exhaustion, with price approaching an overextended zone after a strong upward move.
Trade Setup:
Considering a sell limit order around the 1.12759 level.
Rationale:
Upon analyzing the higher timeframes (H4/Daily), I’ve identified multiple key resistance zones converging near the 1.12759 area. This price level has acted as a significant supply zone in the past, where selling pressure has consistently overwhelmed buying interest. Additionally, the current market structure shows signs of bullish exhaustion, with price approaching an overextended zone after a strong upward move.
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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.
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.