We are bouncing of Monthly resist. For short term London Open trades (10-15pips) bias is neutral as there is space to either side. Now before opening the structure is rather messy. My trading window is only about 3hours from 7 till 10:00 (10:30 sometimes) so if no move happens before that I consider idea invalid. All breakouts needs to be confirmed on 15/30...
Daily bias is more bullish. However, given the short term nature of my trades. I do not care as much. There is good sized spaces for either direction break out. Preffering up side break if the setup will have everything it is suppose to have.
Today I would only be interested in counter trend sell if the there will be the right oporturinity. Preferably a small fakeout above the greenish zone and then brek down with closure of 15/30 followed by breaking structure on a small TF
High Impact news at my trading window. I will not take a trade today. If I would have I would definitely wait for the news candle to do its thing and then tried to go with the flow in a zone with "clean traffic"
Overall bias is still bullish here. However, scalp oportunities for buys would rely heavily on trust in momentum taking the trade through the minor zones. Better (not ideal) oportunities can be find for quick shorts to the opening of the week level.
Those areas are most likely getting smashed by news in 5min from now. Will wait for the first 15min candle to close after news and reset analysis
Again, not an A+ Setup. But Looking good for the next week(s) to come I would say. It would still make morer sence for buys. However, market does not give any clear passagae couple of last mornings, so probably will go very carefoully with lower risk and tight "BE policy" for buys. I have three scenarios for today briefly explained on the picture. Each...
We are on top big resist coming in. I would love to buy but it is a tough spot to do it. Personally will probably watch GJ fly through the 4H zones up. If there is reject and fall I will be taking quick sell scalps as pictured.
Prefering Sells today given the structure on HTF (open to buys as well if the setup is right tho). AS soon as the 15/30 closure is in or below the zones I will wait for LTF confirmation to eliminate liquidity grab/fakeout possibility and enter short with volume and ideally no or minimum DD. SL around 15pips TP visibible on chart