Week of Oct 24, 2022 - Price Action StudyDownload the Chart and Use the Groups of Drawings to Navigate the HTF Bias(Trend) and Context (PD Arrays), Narrative (Probable PD Array to be reached for next), Entries (1H/15m), and Risk (CBDR and levels in chart)
With the period starting mid-week Oct 24, 2022 - Thursday Journal
Define Weekly Range Profile with IPDA True Day Markers
Done - IPDA True Day Lines
Out of IPDA 60 Day Range, Price is in the bottom of a Discount range
Guess for Weekly Range Profile - Classic Tue Low of Week
Reason: Tues had a lower close, my hypothesis is that Price will make the high of the week aligned with the short term weekly high from Sep 12, 2022
Therefore if Price has not reached the target Premium PD Array by the London session, I aim to buy Orderblocks into the Sep 12 Weekly High before turning Bearish (FULL CONTEXT HYPOTHESIS)
On 1H Chart, you can frame the target areas you want to trade from
EOD Wednesday - End of NY PM Session ends the day on a higher high and the high of the week so far
Thu Asian Session - Consolidation above the 1H OB from Oct 26th
The 1H OB has been wicked twice in previous NY AM Session
Price has created EQ Candle lows across Wed NY PM Session and Asian Session
Thu London Session - Price moves aggressively into the 1H OB
I know now that I am going to drop down to the 15m timeframe to look to execute an entry
Huge Detail: WE ARE LOOKING FOR A LTF PD ARRAY TO FORM INSIDE THE 1H ORDERBLOCK TO VALIDATE ENTRY
London Session continues to move down into the 1H OB
Thu London Session EOD (5m/15m)
Shortly after 5am Close, 5m and 15m chart shows MSS and creates 15m OB
Looking for Entry on PD Array on 15m Timeframe (More Probable TF)
5m if refined entry
NY Session AM (5m/15m)
BIG NOTE: If News coming at 830a EST, move should happen after that - try to not Trade through 830a - that is GAMBLING, not Trading
Depending on news being present, entry as the following
Entry Price:
Top of OB - 1.157
OB 50% Threshold - 1.156
No High Impact News/Events post 830a EST: 15m candle down close inside of 15m OB
With High Impact News/Events post 830a EST: After 830a or whenever time the news is released (FOMC 2p EST)
Entry in Case Study if condition is present: 845am
Entry in Case Study if condition NOT present: 800am
May just wait for 830a since it’s closer to NY AM Session Open?
Important: What made this entry work?
Price never closed under OB low after entering 15m OB
Price showed 15m MSS (a 2 bar close under 15m OB is low proabability)
William %R Divergence: Price making Lower Lows dropping into 15m OB and Higher Highs on William %R
Exit Analysis:
Original Price Target:
Sept 12th Old Highs (4:1 RR) | Price: 1:174
Intermediate Target(s):
Asian Session Bearish OB (1:1 RR) | Price: 1.162 (50% threshold)
Result: Price failed to reach Original Price Target which makes sense as there did not seem to be high impact news present - with this we would aim for 1:1 or 2:1 moves using CBDR as reference for spread
Move ended up reaching 1:1 RR aligned with 1H Bearish OB BREAKEVEN
Thu IPDA Range Conclusion:
Asian Session created Thu High
NY Session AM Distribution leg created a lower high on 1H timeframe
IPDA True Day closed in Discount area of the Wed 1H OB
Midnight Price closed at EQ area of the Wed 1H OB
With the period starting mid-week Oct 24, 2022 - Friday Journal
Define Weekly Range Profile with IPDA True Day Markers
Done - IPDA True Day Lines
Guess for Weekly Range Profile - Classic Tue Low of Week
Reason: Wed had a higher close and made the High of the Week around 1AM Thu before selling off and creating a lower high, my hypothesis is that Price will finish the week with a choppy day or lower close than Thu
Therefore if Price has not reached the target Premium PD Array by the London session, I aim to buy Orderblocks into the Sep 12 Weekly High before turning Bearish (FULL CONTEXT HYPOTHESIS)
On 1H Chart, you can frame the target areas you want to trade from
EOD Thursday - End of NY PM Session ends with price
Idenfied Wed FVG under the 1H OB that was mitigated Thu
Marked 50% level of FVG
Thu Asian Session
Short Rally after closing below Thu NY Close then selling off later into day
I know now that I am going to drop down to the 15m timeframe to look to execute an entry
Fri London Session - Price moves aggressively down into the 1H FVG
Huge Detail: WE ARE LOOKING FOR A LTF PD ARRAY TO FORM INSIDE THE 1H ORDERBLOCK TO VALIDATE ENTRY
Price creates a 15m Breaker Block and 15m Bullish OB in London
Fri London Session EOD (5m/15m)
Price trades back into Breaker Block at 5am
Entry Price: 1.152
NY Session AM (5m/15m)
Price Trades to Thu NY Session close before print Bearish hammer candle and close below Thu NY Session close
Intermediate Price Target
As price moves into NY Session, adjust 15m OB to last unmitigated candle before 830a EST
BIG NOTE: If News coming at 830a EST, move should happen after that - try to not Trade through 830a - that is GAMBLING, not Trading
Depending on news being present, entry as the following
Same with or without News:
FVG nested Breaker Block retest 845am | Entry Price: 1.152
Important: What made this entry work?
Breaker Block forming on 15m timeframe aligned with 15m OB inside of 1H FVG near EQ (Strong Probablity)
Exit Analysis:
Original Price Target:
Fri Asian Session Highs (2:1 RR) | Price: 1:159
Intermediate Target(s):
Thu NY Session Close (1:1 RR) | Price: 1.156
Result: 2 Trade Opportunities
London Session 530a - 730a, 1:1 (Entry/Exit/RR)
NY Session AM 845a - 1045a, 2:1 (Entry/Exit/RR)
If held through 4p EST close, 2.75:1 RR (2x CBDR from entry)
Fri IPDA Range Conclusion:
Friday closes Higher than NY Session Low
We do not count Sun price action independently
Confirmed Weekly Profile - Classic Tue Low of Week
Price seems to be close to discount than Premium range
Traded inside of Wed Oct 26th candle on Thu/Fri
Fvg
Complete analysis - shooortS&P 500
Bias:
• Weekly – Uptrend
• Daily – Downtrend
• 4H – Uptrend
• 1H – Uptrend
Fair Value Gap’s.
• 5,740 – 5,830 on the daily
• 6,038 – 5,934 on the daily, filled in by last candle
• 5,979 – 6,016 on the 2H, (23 Dec 15.30 – 24 Dec 11.30)
Order Block:
• 6,037 – 6,063 on the 1H, (17 Dec 15.30 – 18 Dec 11.30)
• 5,892 – 5,840 on the 30M (19 dec 15.30 – 20 Dec 09.30)
Liquidity pool:
• 5,700
• 5,854 (Got hit at 09.30 and Bullishly swept from 09.50 ending in a Premium short with the use of Equilibrium at 12.00)
• 6,102
I think we are going to se it draw back in to the FVG that the last three 2H candles created before then testing the Order Block at 6,037 – 6,063 and procced to hunt the liquidity laying at 6,103 since it’s on a bullish rally on the daily since 20 Dec after hitting Liquidity laying there.
Before dipping all the way down to the FVG at 5,740 – 5,830.
And I think it will go on to the Premium buy side since the market would probably want to hit the Liquidity laying at 5,700.
Though I really doubt it is going to hit that since we are in an weekly uptrend.
From the previous reactions of all the building block I showed it seems it will still follow the same pattern if not any news shows up, I have showed prices reacting of previously named building blocks and then proceeded to predict it next moves based on that the market will continue that pattern.
Ideally the best entry for a short would in my opinion be at 6,102 and above after seeing a break of structure to the downside at the 15M chart.
I am pretty new to this so would love any feedback. You don’t agree with the analysis? Then please comment why so I could see you’re resoning.
Bullish Setup for Fartcoin: Watch the FVG ZoneFartcoin is trading within an ascending channel, showing a steady bullish structure. The price is currently near the fair value gap (FVG), which could act as a support zone for a potential retest before continuing upward.
A breakout above the channel's resistance may lead to a strong rally, targeting higher levels.
Heavy Short coming.Starting it will want to fill some orders at the fair value gap (purple rectangle) at the top before dropping, but since that level i so high i i am not sure at all it will go there first.
Then we see a huge fair value gap ranging from FWB:73K to $90K, massive lack of liquidity. And market can’t have that if the idea is for it to reach even bigger ATH’s.
Under that FVG you can se several Liquidity lines (4 to be exact) laying before another FVG and liquidity spot comes again.
So we see that market really needs to draw down there before acceding up.
Red circle marks an order block (Price range where orders where filled) so we see that liquidity has previously been filled at that level so that supports my theory even greater that market is looking to drop down to that area.
There are way to much liquidity missing there and liquidity to get under there again for market to go further up then were it is standing as off now.
Hope you understood my POV, would extremely appreciate just a thumbs up or down! New to this.
A lot of green signals in my eyes.Here i have placed 4 Fair value gap's (Purple rectangle) where 1 is already hit pefectly by that way it dip in to Equilibrium and bought at a premium price and it has responded just perfect of that for the rest of my prediction.
Now, there are three pretty good Fair value gap's above, that market want's to reach so it can fill orders / Price ranges where it lacks liquidiy.
Also we can se 6 Liquidity spots (Blue lines), where as 1 is under current market position (Will talk about that one soon). So market is obviously atracted to those prices so it can get some good liquidiy.
And so when there is some decent looking Fair value gap's and there even is liquidty to get at those levels it is almost inevidable in my eyes that prices doesn't go up there.
So even if the market would want to dip to a price of 2,550 perhaps because of the liquidity laying there it would firstly need to get all the liquidity laying above plus the fair value gaps that the market wants to fullfill.
And the order blocks (red circle's) shows prices were filled at that level previously and just adds to the reason of price wanting to go up.
(Daily chart)
I am not the best at frasing myself, so sorry if it is a bit messy.
Would love to hear feedback! Even just a thumbs down or up!
EUR/USD Downward Movement to Continue?The EUR/USD pair continues to show bearish potential on the daily timeframe.
While Friday's high could be taken as part of a retracement, the overall trend remains bearish.
There is a potential move toward the sell-side liquidity (SSL) below, aligning with unmitigated imbalance zones and market structure.
Watch for price reaction in and around the Daily FVG level and the Fibonacci retracement zones for a potential bearish setup on the lower timeframes.
Trade Safe ;)
ENA LONG/SHORT Strategy on 4 Hour (and long-term TP's)For some short term plays:
I always have limit orders placed at FVG's and ENA has just posted two big FVG's on the 4HR chart as it recovers from this weeks volatility.
I'd be expecting these to be filled/touched at some point, with the 0.618 FIB also playing a role I think a reasonable buy would be at the ~1.0159 mark. If the price continues to rally to ~1.23 I may go short if OBV (yellow line is 14 EMA) indicates so. I have a limit order buy at this level but will need to confirm with OBV (I also have Stoch OBV, OBV RSI for confirmations not shown here).
Why this may be not happen? A very strong project with great potential to reach new all time highs. Price could easily keep running based on its fundamentals alone.
A long term perspective:
I've got take profit targets at 1.73, 1.97, 2.67, 3.81 and 4.94 for my long term positions.
ENA LONG/SHORT Strategy on 4 Hour (and long-term TP's)For some short term plays:
I always have limit orders placed at FVG's and ENA has just posted two big FVG's on the 4HR chart as it recovers from this weeks volatility.
I'd be expecting these to be filled/touched at some point, with the 0.618 FIB also playing a role I think a reasonable buy would be at the ~1.0159 mark. If the price continues to rally to ~1.23 I may go short if OBV (yellow line is 14 EMA) indicates so. I have a limit order buy at this level but will need to confirm with OBV (I also have Stoch OBV, OBV RSI for confirmations not shown here).
Why this may be not happen? A very strong project with great potential to reach new all time highs. Price could easily keep running based on its fundamentals alone.
A long term perspective:
I've got take profit targets at 1.73, 1.97, 2.67, 3.81 and 4.94 for my long term positions.
POLKADOT- BUY HIGH, SELL HIGHERIn the midst of chaos, I've decided to increase my position in Polkadot, as I've been holding since $5.82. The structure continues to show bullish signals, and we’re still in a bull market. Moreover, the Christmas and New Year rally hasn’t even started yet.
For traders feeling anxious right now, it's better to step away from the screen and avoid making impulsive decisions. For those focused on knowledge and strategy, there’s no better moment to consider opening a long position—fully aware of the possibility that your stop-loss might be hit.
Trade Management:
Entry: $7 or market price
Stop-loss: $6.31 (keeping the previous position intact)
Remember to control your emotions and avoid overtrading. Maintaining liquidity is crucial—don’t put all your capital at risk. Protect your psychology and trust your skills. Don’t let the market shake your confidence in what you know works.
I’m sticking to my plan, as mentioned in my previous idea. Nothing changes if you follow your plan.
May God bless you all.
Jay
Trading AUDUSD and NZDUSD | Judas Swing Strategy 16/12/2024Last week was a slow period for trading with the Judas Swing strategy. We were presented with only two trading opportunities on GBPUSD and AUDUSD, resulting in a win and a loss respectively, yielding a 1% gain for the week. With that in mind, we are eager to explore the opportunities that may arise this week.
For the Judas Swing strategy, we focus on identifying setups on the following trading pairs: AUDUSD, NZDUSD, GBPUSD and EURUSD. At 09:30 EST, the market swept liquidity on the sell side of AUDUSD, signalling potential buying opportunities for the session. Shortly after, a similar sweep occurred on the sell side for NZDUSD signalling potential buying opportunities for this currency pair as well. Now, all we need is a break of structure to the buy side. After patiently waiting, we identified similar setups on both AUDUSD and NZDUSD, which are closely correlated pairs, often moving in tandem due to their economic ties and similar market influences.
Following the break of structure (BOS), price retraced into the Fair Value Gap (FVG). Once the candle closed, both pairs met the entry criteria outlined in our checklist, allowing us to execute our trades.
The AUDUSD trade hit take profit (TP) with minimal drawdown, delivering a 2% return in just 55 minutes. Meanwhile, the NZDUSD trade on the other hand came close to hitting TP but experienced a slight retracement that temporarily delayed reaching the target
We revisited the NZDUSD position, and once again, it edged closer to the TP only to retrace again, frustrating, isn’t it? That’s the nature of trading, it takes you on an emotional rollercoaster. This is why it’s crucial to only risk what you can afford to lose, ensuring you can manage these emotions effectively.
After patiently waiting, our perseverance paid off as the NZDUSD trade finally hit TP after 8 hours and 25 minutes, rewarding us with a 2% return. Combined with the AUDUSD trade, we were up 4% on Monday an incredible way to kick off the week!
Silver Bullet Strategy AUDUSD | 17/12/2024At 9:55 EST, we arrived at our trading desk to scout for trades using silver bullet strategy. We focused on these pairs EURUSD, AUDUSD, GBPUSD, and USDCAD, hoping to get favorable trading conditions during the session.
After 15 minutes, our first FVG formed on GBPUSD, indicating a buying opportunity when price retraces into the FVG on this currency pair. Five minutes later, a similar setup to that which formed on GBPUSD appeared on USDCAD as well indicating that we also look for buying opportunities on this pair when we get a retrace into the FVG. Shortly, a FVG formed on AUDUSD, suggesting a selling opportunity when the price retraces into the newly formed FVG.
Immediately after identifying the FVG on AUDUSD, the next candle entered the FVG fulfilling all the requirements for our entry criteria. We executed the trade and monitored the other pairs to check if any of them met the entry criteria. However, none of them had at that time, so we entered one trade and waited to see others would give us an entry.
We had only 25 minutes to enter the two other setups we observed, otherwise, we would not be able to take those trades due to our trade deadline being at 11:00 EST. We checked USDCAD and realized we got a retrace, but it failed to go lower to give us an entry, so we did nothing. A similar situation was encountered on GBPUSD.
We failed to get an entry on the other pairs, however, the positive aspect was that our trade on AUDUSD was progressing well in our intended direction. After waiting a while, we checked on the position again to assess its performance only to realize it had retraced back to our entry point. An ideal situation? No, but this was the reality, we remained unfazed because we had only risked an amount we were comfortable losing.
The trade consolidated around our entry price for a while, but we were in no rush. We had three options:
1. Trade reaches the take profit
2. The trade hits the stop loss
3. We manually close the trades at 16:00 EST
These are the rules we have on our checklist and we intend to stick by them
This trade neither hit our TP nor SL, so we decided to manually close it at 16:00 EST for a small profit, which we’re perfectly okay with. Remember, simply following your trading rules is a win on its own. Your rules exist for a reason!
GBPJPY Analysis - SellGBPJPY Analysis Overview
1. Seasonality:
GBP: Bearish — Historical data for this time period shows GBP typically weakens.
JPY: Bullish — Seasonal trends favor JPY strength, aligning with a sell bias for GBPJPY.
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2. COT Report (Commitment of Traders):
GBP:
4-week flip indicates a Sell bias.
JPY:
4-week flip indicates a Buy bias.
Non-commercial long positions are increasing, indicating strong demand for JPY.
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3. Fundamental Analysis:
LEI (Leading Economic Indicator):
GBP: Decreasing — Suggests economic slowdown and bearish momentum for GBP.
JPY: Range — Neutral economic outlook, but overall supportive of its safe-haven appeal.
Endogenous Factors:
GBP: Decreasing — Internal economic conditions are weakening, favoring a sell bias.
JPY: Increasing — Positive domestic factors support JPY strength.
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4. Exogenous Factors:
GBPJPY:
Classified as a Strong Sell due to broader external influences such as global risk aversion and JPY's safe-haven demand.
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5. Technical Analysis:
On the 4-hour chart:
There is a visible order block and a fair value gap (FVG) in the price structure.
The price has retraced to 50% of the order block, presenting a favorable opportunity to enter a short position.
Confluence from bearish market structure and resistance zone further validates the sell setup.
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Bias: Strong Sell
Based on seasonality, COT data, fundamentals, exogenous influences, and technical analysis, GBPJPY is poised for a significant downside move. Look for selling opportunities at or near the current resistance levels within the order block.
BTC DOMINANCE- BEARISH AFLife and Trading: Decisions Shape Outcomes
Life can shift dramatically in a single day—either for the better or worse. Everything boils down to the decisions you make, whether in heated moments or calm reflection. When chaos and panic dominate, your best refuge lies in creativity, knowledge and balls.
During the recent shakeout, I stayed silent—not because I lacked an opinion, but because moments like these require clarity. It’s like a car crash—you first ensure your safety before analyzing the damage. So, I distanced myself from the noise and dove deep into the charts.
Key Observations: Bitcoin Dominance
Bitcoin dominance, a critical indicator during altcoin crashes, was rising but met resistance at significant levels. Bearish arguments at that time included:
Weekly Bearish FVG respected
Daily Bearish FVG respected
Trendline retest confirming the break
Current Bearish Arguments:
PMH & PML respected
PWH & PWL respected
Weekly and Daily Bearish FVG respected
4H swing highs/lows respected
4H Bearish FVG respected
Strategy:
Given these signals, it’s tempting to go all-in on altcoins. However, I anticipate a ranging market until Christmas, followed by a dip below the 50% level—a precursor to a true altcoin bull market.
Be cautious: I expect another shakeout around December 18 or 23, where I plan to take significant positions. Always have a clear entry and exit plan to navigate these volatile waters.
Follow me to stay updated, and remember—this market rewards patience and preparation.
God bless you.
-Jay
ATOM- BULLISH MOMENTUMEyeing Altcoins Near Their March 2024 Highs
BINANCE:ATOMUSDT
I focus on setups where altcoins are approaching their potential March 2024 peaks. These trades are straightforward in strategy but challenging emotionally, as we can expect turbulence and liquidation cascades along the way.
Bullish Arguments
PMH being disrespected
PML being disrespected
PWH being disrespected
PWL being disrespected
PDL being disrespected
PDH being disrespected
Bearish Arguments:
4H swing high being respected
4H swing low being respected
Trade Management
I keep a tight SL to protect capital in case the market hunts liquidity. If stopped out, I’ll reassess and re-enter if price action confirms. TP is around the March 2024 zone, but partial profits may be taken earlier.
A Word of Caution
As futures trading intensifies, we’ll encounter frequent liquidation cascades and stop hunts. This is where discipline and resilience truly matter. The hardest phase starts now.
Trade wisely, stay focused, and take care.
POLKADOT - Strategic Patience for the Next MovePolkadot: Strategic Patience for the Next Move
I've been holding Polkadot since $5.82 and still have my trade open. While I haven’t taken profits yet, this time I plan to secure gains once it approaches $10 again, as I anticipate a correction around December 18th. This pullback could last until December 23rd, where I aim to significantly increase my position.
📈 Scalping Opportunities:
For now, patience is key. However, scalpers will find plenty of opportunities leading up to December 17–18. Be vigilant during those dates, as volatility may spike.
💡 Swing Trading Insight:
Any swing trades entered on December 23rd or the early hours of the 24th could offer exceptional returns.
⚠️ Key Advice:
Always stick to your plan.
Don’t let greed cloud your judgment—secure partial profits to maintain liquidity.
From January onward, the market's psychological and analytical demands will increase. Be prepared and don’t get distracted by noise.
🔑 Closing Thoughts:
This market rewards discipline and foresight. Stay sharp, stay humble, and remember: the best opportunities often come to those who are patient and prepared.
May your trades be fruitful.
God bless you.
—Jay
ETHEREUM - BULLISH AFEthereum: A Technical Masterpiece with a Psychological Challenge
Ethereum's price action showcases remarkable technical precision. However, the real test lies in managing emotions: impatience and impulsive decisions often lead traders to quick losses.
📈 Projection:
Expect a steady climb toward $4,300 until around December 17–18. At that point, a correction of -15% to -30% is likely, though the exact scale will depend on market conditions.
📅 Key Date:
By December 23, ensure your positions are set. As the market evolves, navigating increased difficulty will require discipline—this phase is not for the unprepared.
📊 Comparison:
The current price movement mirrors Ethereum’s 2020 trend, proving that while history doesn’t repeat, it often rhymes.
⚠️ Plan Ahead:
Approach the market with a clear strategy. Maintain well-defined entry and exit plans, and avoid emotional decision-making. Recklessness has no place here.
🚀 Looking Ahead:
January promises explosive growth, likely peaking around mid-month. This period demands focus and resilience—those who stay disciplined stand to benefit the most.
💡 Takeaway:
Ethereum’s journey is more than just price action; it’s a test of patience and strategy. Stick to your plan, trust the process, and let the market work for you.
💼 Upcoming Trade:
I’m about to open a new trade, which I’ll share with you here—just like the one I posted at $3,100. Now’s the time to make money and stay laser-focused. Don’t hesitate to follow me and keep an eye out for updates!
Stay sharp, stay grounded, and may the odds be in your favor.
God bless you.
—Jay
Ethereum time to shine-Swing trading LONGEthereum: Your Time to Shine
BINANCE:ETHUSDT
Ethereum, it’s your moment. You’re in a prime setup for traders, where psychology is playing a crucial role. As Bitcoin consolidates sideways, Ethereum is retesting a key zone, preparing for what could be its true breakout.
This is your time to shine.
Remember, this is not financial advice. Always use a responsible risk management strategy. My trade is targeting the ATH zone, where I plan to take profits and wait for a similar setup to reposition myself strategically
Trading EURUSD | Judas Swing Strategy 10/12/2024Yesterday, we got a trading setup on EURUSD. This came after a week of little activity with the Judas Swing strategy, where we executed just one trade. Fortunately, that trade turned out to be a winner, yielding a 2% gain to conclude the week. It felt great to finally get some activity with the strategy earlier in the week with EURUSD, and we plan to guide you through the trading day's events.
We aim to arrive at our trading desk five minutes before the trading session starts (08:30 EST), to ensure we're fully prepared for the session. The session has finally begun, and a crucial aspect of this strategy is establishing a trading bias for the session. This involves waiting for a sweep of liquidity at either the high or low of the trading zone. Typically, a sweep of liquidity occurs a few minutes into the session; however, this time it was delayed. Despite this, we didn't rush into any trades. Instead, we waited patiently and eventually got a sweep of liquidity on the sell side, indicating that in this session, we should be on the lookout for potential buying opportunities.
Once the liquidity sweep requirement is complete, the next step is a break of structure to the buy side to confirm our bias for the session. Keep in mind, all this needs to occur before 11:00 EST. Once the break of structure to the buy side occurred, it was followed by a retrace into the Fair Value Gap formed by the subsequent candle, indicating that all the criteria on our entry checklist were satisfied.
We executed our trade after meeting all our criteria. Initially, we saw profits for the first five minutes, but then a large bearish marubozu candle appeared, plunging us into a significant drawdown. This exemplifies why we avoid tight stop losses and maintain a minimum stop loss requirement of 10 pips.
Upon reviewing the position again, we noticed that the trade had begun to move in our favor. However, since the objective has not yet been met, we must wait for one of two outcomes: either our stop loss is triggered or our take profit is reached
Our patience finally paid off when our trade, where we risked just 1% of our capital, yielded a rewarding 2% return. This trade was a testament to the importance of sticking to your trading plan and waiting for the right setup, rather than chasing trades out of impatience
US30 / TRADING A RANGE BETWEEN 45,100 AND 44,468 / 4HUS30 / 4H TIME FRAME
HELLO TRADERS
The Dow Jones is trading between 45,100 (resistance) and 44,468 (support) , Prices are under upward pressure, but remain below the all-time high (ATH) of 45,100.
If prices fail to stabilize above 45,100, a decline is expected toward the lower support at 44,468,If prices break below 44,468, the decline could continue further into a demand zone between 43,960 and 43,719.
If prices break and stabilize above 45,100 (ATH), an increase is expected toward a new historical zone between 45,490 and 45,890.
NAS100USD / TRADING UNDER ATH PRICES AROUND 21,520 / 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Breaking the supply zone is expected to lead to an increase in prices, potentially reaching a new all-time high (ATH) , The current price is trading below the ATH level at 21,512.
If the price remains and stabilizes below 21,512, it is expected to decline further , The first expected demand zone is between 21,226 and 21,107 , If the price closes a 4-hour candle below this zone, it is anticipated to decline to the next demand zone between 20,863 and 20,762.
If the ATH level (21,512) is broken, prices are expected to rise and reach a new historical zone between 21,520 and 21,890.
As long as the price remains below the ATH, the market is expected to face downward pressure.