Market Overview
📈 TCL (Trend Change Level): 3330
📊 WIMP (Weekly Important Mid-Price): 3403.2
Update: Prices have closed above 3368.60. This shifts the bias for order blocks: those entirely above this level are now considered bearish, and those entirely below are bullish.
📌 Market Outlook for Monday
Our observation from Friday's New York session is crucial: the high was not even close to Thursday’s high. This implies that price failed to go above the **3276–3278** range.
**Expectation:** We anticipate that Friday’s low will be broken during Monday's NY session, signaling potential further downside.
🔍 Key Support Zone
We expect prices may find strong support around the **3312 – 3320 – 3324** range.
If this support holds, the market may head towards the key weekly level of **3403.2**.
⚠️ Price Behavior at 3403.2 – A Critical Juncture
If **3403.2** is reached during the Asian session or London session, it could present a good shorting opportunity on Monday.
If the price doesn't break **3403.2** during early sessions, then we expect this level to be taken out by Wednesday's NY session.
📊 Order Blocks – Zones to Watch
Understanding these institutional areas of interest can provide valuable insights into potential reversals or continuations.
Timeframe Order Block Zones Bias
H1 3352–3340 Bullish
H1 3330–3319 Bullish
H1 3308–3294 Bullish
H1 3452–3432 Bearish
H1 3395–3389 Bearish
H1 3368–3379 Neutral
H4 3452–3430 Bearish
H4 3320–3293 Bullish
H4 3342–3318 Bullish
H4 3375–3338 Neutral
D1 3424–3500 Bearish
D1 3240–3121 Bullish
D1 3019–2953 Bullish
📝 Important Notes for Your Trading Plan:
Always pay close attention to session-wise reactions, especially around the 3403.2 level.
Remember that bearish or bullish biases for order blocks are clearly indicated for each specific timeframe.
These identified zones are critical turning points that can significantly aid your trade planning.
📈 TCL (Trend Change Level): 3330
📊 WIMP (Weekly Important Mid-Price): 3403.2
Update: Prices have closed above 3368.60. This shifts the bias for order blocks: those entirely above this level are now considered bearish, and those entirely below are bullish.
📌 Market Outlook for Monday
Our observation from Friday's New York session is crucial: the high was not even close to Thursday’s high. This implies that price failed to go above the **3276–3278** range.
**Expectation:** We anticipate that Friday’s low will be broken during Monday's NY session, signaling potential further downside.
🔍 Key Support Zone
We expect prices may find strong support around the **3312 – 3320 – 3324** range.
If this support holds, the market may head towards the key weekly level of **3403.2**.
⚠️ Price Behavior at 3403.2 – A Critical Juncture
If **3403.2** is reached during the Asian session or London session, it could present a good shorting opportunity on Monday.
If the price doesn't break **3403.2** during early sessions, then we expect this level to be taken out by Wednesday's NY session.
📊 Order Blocks – Zones to Watch
Understanding these institutional areas of interest can provide valuable insights into potential reversals or continuations.
Timeframe Order Block Zones Bias
H1 3352–3340 Bullish
H1 3330–3319 Bullish
H1 3308–3294 Bullish
H1 3452–3432 Bearish
H1 3395–3389 Bearish
H1 3368–3379 Neutral
H4 3452–3430 Bearish
H4 3320–3293 Bullish
H4 3342–3318 Bullish
H4 3375–3338 Neutral
D1 3424–3500 Bearish
D1 3240–3121 Bullish
D1 3019–2953 Bullish
📝 Important Notes for Your Trading Plan:
Always pay close attention to session-wise reactions, especially around the 3403.2 level.
Remember that bearish or bullish biases for order blocks are clearly indicated for each specific timeframe.
These identified zones are critical turning points that can significantly aid your trade planning.
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.
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.