In recent weeks, our analysis pinpointed the monthly highest volume node, resulting in a retracement that brought the market back to this critical level. Looking ahead, the strategy is poised for a potential shift in the 4-hour chart, with a preference for a downward trajectory before considering a sell trade. The overarching goal is to capitalize on the downside momentum and target lower lows.
However, it's crucial to acknowledge the possibility of the chart entering a consolidation phase, given the strength of the order block observed on the monthly charts. This dynamic situation demands a keen eye on the market for potential scalping opportunities if favorable conditions present themselves.
Stay tuned Traders!
However, it's crucial to acknowledge the possibility of the chart entering a consolidation phase, given the strength of the order block observed on the monthly charts. This dynamic situation demands a keen eye on the market for potential scalping opportunities if favorable conditions present themselves.
Stay tuned Traders!
Daniel P. Fadejev