Good morning, fellow traders! It appears that our attempts to breach the weekly and daily highs have been met with resistance, and we are currently retreating within the broader monthly market structure. Our daily selling strategy has faltered twice in the face of this resilient bullish momentum.
While there may be untapped liquidity at lower levels, it's imperative that we adapt to the market's current behavior. As it stands, we are in a holding pattern, patiently awaiting reactions around the monthly order blocks. Yesterday, we managed to secure a scalp higher, which helped offset the losses incurred from our unsuccessful daily selling endeavors. Such is the nature of trading.
The ability to stand strong and regain composure after facing setbacks is the cornerstone of success. We've swiftly moved past any emotional hurdles and are back on track. It's crucial that we remain attuned to the signals the charts are giving us, rather than attempting to force trades against the prevailing market conditions.
While there may be untapped liquidity at lower levels, it's imperative that we adapt to the market's current behavior. As it stands, we are in a holding pattern, patiently awaiting reactions around the monthly order blocks. Yesterday, we managed to secure a scalp higher, which helped offset the losses incurred from our unsuccessful daily selling endeavors. Such is the nature of trading.
The ability to stand strong and regain composure after facing setbacks is the cornerstone of success. We've swiftly moved past any emotional hurdles and are back on track. It's crucial that we remain attuned to the signals the charts are giving us, rather than attempting to force trades against the prevailing market conditions.
Daniel P. Fadejev