DOW JONES ANALYSIS
Updated
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 .
Comment
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 .
Comment
UPDATE :Set up played out just as expected : RR 1:10 = 5000 PIPS 💰💰💰
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