Monday trading session's key Trading levels & scenarios
Updated
Key Levels to Watch:
1️⃣ Demand Zone: $2,645–$2,650 (previous support or unmitigated order block).
2️⃣ Supply Zone: $2,662–$2,665 (recent resistance or breaker block).
Scenarios to Consider:
1️⃣ Bullish Continuation
If the price holds above $2,650 area and forms higher lows on M1/M5, watch for bullish momentum. If a gap is created at opening and filled you can enter too.
2️⃣ Liquidity Sweep
Price might retrace to $2,640 area, sweeping liquidity near support before resuming bullish momentum.
Wait for price to grab liquidity below $2,645 and look for reversal signs, MSS on M1 is my usually confirmation.
Targets:
For both scenario the target is $2,665 (supply zone).
If a bearish scenario take place at opening, I will not be trading right away, I will observe and re-adjust my plan.
Always wait for confirmation before entering trades and manage your risk carefully. The market can be unpredictable, so adapt as price action unfolds.
What’s your view? Feel free to share your thoughts below!
1️⃣ Demand Zone: $2,645–$2,650 (previous support or unmitigated order block).
2️⃣ Supply Zone: $2,662–$2,665 (recent resistance or breaker block).
Scenarios to Consider:
1️⃣ Bullish Continuation
If the price holds above $2,650 area and forms higher lows on M1/M5, watch for bullish momentum. If a gap is created at opening and filled you can enter too.
2️⃣ Liquidity Sweep
Price might retrace to $2,640 area, sweeping liquidity near support before resuming bullish momentum.
Wait for price to grab liquidity below $2,645 and look for reversal signs, MSS on M1 is my usually confirmation.
Targets:
For both scenario the target is $2,665 (supply zone).
If a bearish scenario take place at opening, I will not be trading right away, I will observe and re-adjust my plan.
Always wait for confirmation before entering trades and manage your risk carefully. The market can be unpredictable, so adapt as price action unfolds.
What’s your view? Feel free to share your thoughts below!
Note
The trade already gave 40 pips on M1 entry but the bulls are weak on Sydney/Tokyo opening, price might fall to 2640 before a real bounce back. Or else it will keep dropping further, I am still out for now, just waiting for the 11 am (local time) move to happen.Order cancelled
BB has been invalidated, trade setup cancelled...
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