Hello, Traders,
Let's take a moment to recap our recent trade ideas. The data we've been observing is changing daily, and our initial suspicion that last week's high was a mere fakeout has led us to anticipate a continued downward trend. However, we took profits at that point, opting to watch and see how the situation unfolds.
Now, as we delve deeper into the chart, a significant development emerges: the presence of a monthly Order Block. This block appears to be signaling a potential shift towards a bullish market sentiment. As a result, we've adopted a cautious approach, refraining from entering swing trades unless last week's high is breached once more. When that occurs, it could be the catalyst for an extremely bullish market sentiment, spanning across yearly, monthly, weekly, and daily timeframes.
Keeping a watchful eye on the evolving data is crucial as we navigate the markets, as it may present golden opportunities for trading success.
Let's take a moment to recap our recent trade ideas. The data we've been observing is changing daily, and our initial suspicion that last week's high was a mere fakeout has led us to anticipate a continued downward trend. However, we took profits at that point, opting to watch and see how the situation unfolds.
Now, as we delve deeper into the chart, a significant development emerges: the presence of a monthly Order Block. This block appears to be signaling a potential shift towards a bullish market sentiment. As a result, we've adopted a cautious approach, refraining from entering swing trades unless last week's high is breached once more. When that occurs, it could be the catalyst for an extremely bullish market sentiment, spanning across yearly, monthly, weekly, and daily timeframes.
Keeping a watchful eye on the evolving data is crucial as we navigate the markets, as it may present golden opportunities for trading success.
Daniel P. Fadejev