DOW JONES ANALYSIS

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Chart : 4Hour

Overall Trend : Bearish

Current Market Structure : Downtrend

Scenario 1 :

Price is currently trading to the downside . Creating new LL & LH . We will be looking for selling opportunities in the market as I would like price to trade into a more premium area ,Therefore mitigating a OB or Supply Area & continuing towards the downside .

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ملاحظة

Price did manage to trade into a premium area & mitigate a 1Hour OB . Was not comfortable with trading this trade as I would have wanted a more refined entry on the 15min . With a much more realistic SL.

NYSE OPEN IN A FEW .

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ملاحظة

UPDATE :

Set up played out just as expected : RR 1:10 = 5000 PIPS 💰💰💰