Quick breakdown of this trade:
I marked Asia low at 4623.
Price came down, broke below that level and more importantly started holding below it rather than snapping straight back above.
That told me sellers were in control and the level had flipped from support to resistance.
I waited for a small pullback after the break and entered on the rejection, targeting continuation to the downside.
Clean structure:
• Break of Asia low
• Hold below (confirmation)
• Retest/rejection entry
Took profit as momentum slowed near the lows.✅
Simple liquidity + structure play.📈
I marked Asia low at 4623.
Price came down, broke below that level and more importantly started holding below it rather than snapping straight back above.
That told me sellers were in control and the level had flipped from support to resistance.
I waited for a small pullback after the break and entered on the rejection, targeting continuation to the downside.
Clean structure:
• Break of Asia low
• Hold below (confirmation)
• Retest/rejection entry
Took profit as momentum slowed near the lows.✅
Simple liquidity + structure play.📈
After closing the first trade, price retraced back up into a previous area of interest (around the minor structure / resistance formed after the initial drop).
Price failed to break higher and started showing weakness again, giving a clear rejection.
I took another sell on that pullback, aligning with the overall bearish momentum and continuation from the Asia low break earlier.
Took profit as price pushed into new lows.
Price failed to break higher and started showing weakness again, giving a clear rejection.
I took another sell on that pullback, aligning with the overall bearish momentum and continuation from the Asia low break earlier.
Took profit as price pushed into new lows.
No trades today due to the high impact US news events today, including NFP and Unemployment data.
These events usually create very volatile market conditions with unpredictable price movement, spread widening and sharp spikes in both directions. Because of that, the risk is much higher than normal and it doesn’t fit within my trading plan.
Sometimes the best trade is no trade at all. Protecting capital and staying disciplined is always the priority💪🏼
I’ll be back Monday once the market settles.
These events usually create very volatile market conditions with unpredictable price movement, spread widening and sharp spikes in both directions. Because of that, the risk is much higher than normal and it doesn’t fit within my trading plan.
Sometimes the best trade is no trade at all. Protecting capital and staying disciplined is always the priority💪🏼
I’ll be back Monday once the market settles.