Currently, there is mixed bias in the market. On the higher timeframe (D1), the candle is rejecting with strong momentum, indicating selling pressure. However, there is also a possibility that it is forming a bottom wick, which could lead to a rejection from key levels like 2930.
Key Observations:
If 2930 acts as support, we may see a bounce, leading to a potential upside move.
If 4H sustains below 2930, it could indicate further downside continuation.
Trade Setup: 30m
🔹 Buy above 2045 if price shows bullish confirmation.
🔹 Sell below 2030 if price sustains under this level.
📊 Waiting for price action confirmation before entering a trade.
Key Observations:
If 2930 acts as support, we may see a bounce, leading to a potential upside move.
If 4H sustains below 2930, it could indicate further downside continuation.
Trade Setup: 30m
🔹 Buy above 2045 if price shows bullish confirmation.
🔹 Sell below 2030 if price sustains under this level.
📊 Waiting for price action confirmation before entering a trade.
Trade closed: target reached
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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.