Jan 8th-12th 2024 Weekly Chart Analysis
Current Possible Trade:
Long: If Price stay around the doji candle and makes more market structure than I would take for confirmation entry long before I enter the trade.
A. This would increase the probability of the trade
Short Trades :
I would wait for price to move down to the c.1 demand zone and look to entry on the lower timeframes
Daily Chart Analysis:
1. Price is currently in between the weekly high strong (protected) swing range. Near the equilibrium of the Daily swing range.
2. During NFP on Friday Jan 5 price swept the strong lows and is currently giving us a long legged doji candle.
A. From my backtest experience price will likely range a bit after this candle formation.
Current Possible Trade:
Long: If Price stay around the doji candle and makes more market structure than I would take for confirmation entry long before I enter the trade.
A. This would increase the probability of the trade
Short Trades :
I would wait for price to move down to the c.1 demand zone and look to entry on the lower timeframes
Daily Chart Analysis:
1. Price is currently in between the weekly high strong (protected) swing range. Near the equilibrium of the Daily swing range.
2. During NFP on Friday Jan 5 price swept the strong lows and is currently giving us a long legged doji candle.
A. From my backtest experience price will likely range a bit after this candle formation.