Hi Everyone,
In today's market update, I’m analyzing a potential short setup that I plan to take in the coming weeks.
While we are currently experiencing an upward rally, the broader macroeconomic environment remains uncertain. This leads me to believe that the current move is merely a relief rally, with further downside likely ahead.
I will begin building my...
Yesterday was choppy with minimal price movement, so I didn't take any trades.
Today is FOMC day, so I'll stay out of the market and watch the meeting's outcome to see if rate cuts might be coming soon.
Make sure to follow for more trading updates!
In today's market update, I maintain a neutral stance. While we saw a breakout yesterday, price has since been rejected at the 1-hour resistance. The key area I'm watching is the 4-hour demand zone.
Since the overall trend on higher timeframes remains bearish, I plan to wait until price reaches this level—I'm cautious about entering long positions. If price...
Last week, I mapped out some trading zones that are still valid and unchanged.
The 4H supply zone has broken out, so I will be looking for a long position after a retest of this broken supply zone, which should now act as support.
My last trade was a short from this zone, resulting in a small profit since market closing prevented reaching the full take-profit...
The key trading zones from yesterday's analysis remain unchanged.
Yesterday's plan was to short at the demand zone retest after the breakdown, but the trade was cancelled since price never reached my entry point.
Today, I'll be watching for either a short opportunity at the 4H supply zone or a long position after a breakout and retest of the supply zone.
Follow...
Hello,
In today's trade analysis, I will review potential setups for this trading day. Since the overall trend is bearish, I favor short positions over long positions.
I have identified two important zones on the 4H timeframe that align well with the 1H timeframe.
4H supply zone: 5,643 - 5,630
4H demand zone: 5,577 - 5,558
We've seen both false breakouts and...
