/MES SUN. 6/11/23
HTF TREND (4hr / 2hr/ 1hr charts):
-UP TREND
-Bullish CHoCH Fri
Lowest price before price pushed up and broke structure 4327.50
MESU2023
- If price breaks below 4327.50 up trend is broken
STF TREND (5min chart):
- Bearish CHoCH
- Equal lows at 4338.25
- Bullish Order Block (OB) at 4334.25
- Also same OB on the 1hr chart
TRADING PLAN:
-Watch for price to come down and liquidate the equal lows at 4347.50.
If price comes down to the 4334.25 zone look to enter a long position with a stop loss at 4331.25
If price comes down even lower look to enter long at 4327 which is supply zone on the 15min chart
-UP TREND
-Bullish CHoCH Fri
Lowest price before price pushed up and broke structure 4327.50
MESU2023
- If price breaks below 4327.50 up trend is broken
STF TREND (5min chart):
- Bearish CHoCH
- Equal lows at 4338.25
- Bullish Order Block (OB) at 4334.25
- Also same OB on the 1hr chart
TRADING PLAN:
-Watch for price to come down and liquidate the equal lows at 4347.50.
If price comes down to the 4334.25 zone look to enter a long position with a stop loss at 4331.25
If price comes down even lower look to enter long at 4327 which is supply zone on the 15min chart
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