📈 Market Analysis & Trade Plan 📉
The market has been consolidating within a tight range of 2890-2930 over the past two days. This zone presents a high-risk trading environment, so patience is key. We will wait for a clear breakout before taking any positions.
🔻 Sell Setup
If the price breaks below our support (2890) and the next candle breaks the closing candle’s low, we can enter a sell position.
🎯 Target: 2865
🔺 Buy Setup
If the price breaks above our resistance (2930) and the next candle breaks the previous candle’s high, we can enter a buy position.
🎯 Target: ALL-TIME HIGH 2956
⚠ Risk Management Statement
Trading in a consolidation zone can be risky due to false breakouts and market volatility. To manage risk effectively:
✅ Always use a stop-loss to protect capital.
✅ Avoid over-leveraging.
✅ Wait for confirmation before entering a trade.
✅ Follow proper risk-reward ratios to maximize gains and minimize losses.
📊 Patience and discipline will be key to executing profitable trades! 🚀
The market has been consolidating within a tight range of 2890-2930 over the past two days. This zone presents a high-risk trading environment, so patience is key. We will wait for a clear breakout before taking any positions.
🔻 Sell Setup
If the price breaks below our support (2890) and the next candle breaks the closing candle’s low, we can enter a sell position.
🎯 Target: 2865
🔺 Buy Setup
If the price breaks above our resistance (2930) and the next candle breaks the previous candle’s high, we can enter a buy position.
🎯 Target: ALL-TIME HIGH 2956
⚠ Risk Management Statement
Trading in a consolidation zone can be risky due to false breakouts and market volatility. To manage risk effectively:
✅ Always use a stop-loss to protect capital.
✅ Avoid over-leveraging.
✅ Wait for confirmation before entering a trade.
✅ Follow proper risk-reward ratios to maximize gains and minimize losses.
📊 Patience and discipline will be key to executing profitable trades! 🚀
Trade active
Trade active Sell side With 50 Pips in profit
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.
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.