Trading Journal Entry – [12 May 2025]
Trade Setup:
Monitoring a potential buy opportunity within the 0.9335 to 0.9305 range.
Rationale:
On the higher timeframes (H4/Daily), the price range between 0.9335 and 0.9305 marks a well-defined support zone. This area has previously acted as a reliable demand zone, with multiple rejections indicating strong interest from buyers. The consolidation and repeated bounce patterns suggest this level may serve as a base for accumulation.
Additionally, the pair is trading near the lower boundary of a broader range, and the recent price action indicates potential bullish absorption of selling pressure. This increases the likelihood of a reversal or corrective bounce from this zone. Will monitor lower timeframe confirmations, such as bullish engulfing candles or momentum shifts, before executing any buy orders.
Trade Setup:
Monitoring a potential buy opportunity within the 0.9335 to 0.9305 range.
Rationale:
On the higher timeframes (H4/Daily), the price range between 0.9335 and 0.9305 marks a well-defined support zone. This area has previously acted as a reliable demand zone, with multiple rejections indicating strong interest from buyers. The consolidation and repeated bounce patterns suggest this level may serve as a base for accumulation.
Additionally, the pair is trading near the lower boundary of a broader range, and the recent price action indicates potential bullish absorption of selling pressure. This increases the likelihood of a reversal or corrective bounce from this zone. Will monitor lower timeframe confirmations, such as bullish engulfing candles or momentum shifts, before executing any buy orders.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.