📊 Monday Market Update 📊
Here are the key levels I am watching at the start of this week. Notably, last week saw limited entries as the market mostly ranged. Hopefully, this week will offer more opportunities. 📈
🚀 Bullish Case
If we break bullish from the current range, I will be looking for a range continuation play.
However, a range deviation is possible. ⚠️
There is resistance above in the form of a 2H supply zone and an untagged 3M supply zone. 🏗️
These could invalidate longs but also present solid short setups. 🔄
📉 Bearish Case
I am watching for a range deviation, which we are currently close to. 🧐
A reaction from the supply zone above could provide a short opportunity. ⬇️
If price gathers the strength to reclaim all these levels, I will watch the liquidity point above for a reaction. 🔍
✅ Trade Confirmations
10M+ market structure change will serve as confirmation for directional trades. 📊
5M structure change will be used for the range continuation model if we break out and retrace into demand. 🔄
Let's see what London open brings and how this week unfolds! 🇬🇧✨
Here are the key levels I am watching at the start of this week. Notably, last week saw limited entries as the market mostly ranged. Hopefully, this week will offer more opportunities. 📈
🚀 Bullish Case
If we break bullish from the current range, I will be looking for a range continuation play.
However, a range deviation is possible. ⚠️
There is resistance above in the form of a 2H supply zone and an untagged 3M supply zone. 🏗️
These could invalidate longs but also present solid short setups. 🔄
📉 Bearish Case
I am watching for a range deviation, which we are currently close to. 🧐
A reaction from the supply zone above could provide a short opportunity. ⬇️
If price gathers the strength to reclaim all these levels, I will watch the liquidity point above for a reaction. 🔍
✅ Trade Confirmations
10M+ market structure change will serve as confirmation for directional trades. 📊
5M structure change will be used for the range continuation model if we break out and retrace into demand. 🔄
Let's see what London open brings and how this week unfolds! 🇬🇧✨
🎯BOOK 121 TRAINING MASTERCLASS: tradejournal.co.uk/book-1-to-1-master-class/
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
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🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
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.
🎯BOOK 121 TRAINING MASTERCLASS: tradejournal.co.uk/book-1-to-1-master-class/
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
🎯JOIN ONLINE BOOTCAMP:
WHEN? Last Sunday each month!
tradejournal.co.uk/bootcamp/
🎯Join Discord Community: discord.gg/SFmbjseS89
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.