DOW JONES ANALYSIS
Chart : 4Hour
Overall Trend : Bearish
Current Market Structure : Downtrend
Scenario 1 :
Price is currently trading to the downside . Creating new LL & LH . We will be looking for selling opportunities in the market as I would like price to trade into a more premium area ,Therefore mitigating a OB or Supply Area & continuing towards the downside .
Overall Trend : Bearish
Current Market Structure : Downtrend
Scenario 1 :
Price is currently trading to the downside . Creating new LL & LH . We will be looking for selling opportunities in the market as I would like price to trade into a more premium area ,Therefore mitigating a OB or Supply Area & continuing towards the downside .
Note
Price did manage to trade into a premium area & mitigate a 1Hour OB . Was not comfortable with trading this trade as I would have wanted a more refined entry on the 15min . With a much more realistic SL. NYSE OPEN IN A FEW .
Note
UPDATE :Set up played out just as expected : RR 1:10 = 5000 PIPS 💰💰💰
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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.