Market Structure Break: The 60-minute timeframe shows a clear structural break, pushing prices into a premium zone.
Premium to Discount Retracement: Given the overextended nature of the premium zone, a retracement to a discount zone is expected.
Potential Reversal: The retracement could lead to a reversal, where market momentum shifts, creating a more balanced trading environment.
Consolidation Point: The market is likely to consolidate around the 23400 level, a critical juncture that corresponds with the FVG and discount zone, serving as a potential springboard for future upward movement.
Traders should monitor the price action closely in the discount zone for signs of reversal confirmation.
Premium to Discount Retracement: Given the overextended nature of the premium zone, a retracement to a discount zone is expected.
Potential Reversal: The retracement could lead to a reversal, where market momentum shifts, creating a more balanced trading environment.
Consolidation Point: The market is likely to consolidate around the 23400 level, a critical juncture that corresponds with the FVG and discount zone, serving as a potential springboard for future upward movement.
Traders should monitor the price action closely in the discount zone for signs of reversal confirmation.
Zlecenie aktywne
The market is not able to hold 23,000; it looks like it's heading for the 22,800 support zone.Uwaga
The market is rejecting off the 1-hour FVG. If it doesn't hold 22,930, it will target levels around 22,800.Uwaga
This is my first time posting an idea on TradingView. I'm not in any trades—I'm just analyzing the price action.Uwaga
I think the market will chop and show some retracement around the 23,240–23,270 resistance before heading towards 23,400.
— #HighProbabilitySetups
Learning from charts every day 📊
Learning from charts every day 📊
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— #HighProbabilitySetups
Learning from charts every day 📊
Learning from charts every day 📊
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.