Monday Market update! my next trade 📊 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! 🇬🇧✨