Counter-Trend Setup Analysis

1 Sep 2024

Market Context:

• Current Trend: The overall market trend is bullish.
  

• Focus: This analysis focuses on a counter-trend setup.
  

Setup Breakdown:

1. Support Area:

• A multi-tested support level has been identified around 2,526.8.
  

• This level has been tested four times, indicating potential selling opportunities for the upcoming week.
  

• The repeated testing of this support has led to a structural break on the 4-hour timeframe, suggesting a possible change in trend, whether short-term or long-term.
  

1. Entry Analysis:

To refine the entry strategy, we analyzed the 1-hour timeframe for the following key elements:
*SSR Flip Zones: Areas where the price may reverse due to previous support becoming resistance and vice versa.
*Breaker Blocks: Zones where significant price movement indicates strong buying or selling pressure.
*Fair Value Gaps (FVG): Price gaps that can act as potential entry points when revisited.
*Previous Liquidity Areas: Zones where liquidity has previously been accumulated, often acting as turning points.
*Premium and Discount Zones: Areas that indicate whether the price is above or below its perceived value, guiding entry decisions.

1. Risk Management:

• The entry is strategically placed within the middle of the identified zones (SSR flips, FVG, and breaker blocks) to manage risk effectively.
  

• It is vital to ensure that the entry point aligns with the overall market structure to reduce the probability of adverse price movements.
  

Note:
Caution: This setup is intended for traders comfortable with counter-trend trades. It is crucial to thoroughly analyze the structural shift before entering a position. Following this counter-trend setup, a comprehensive long-term analysis will be conducted to evaluate the broader market context.

5 Sep 2024

Dagangan aktif

tapped and running

9 Sep 2024

Dagangan ditutup: sasaran tercapai

Take profit hit +300pips