Market Update & Plan
Yesterday, price tested our HTF POI and showed a slight rejection. Toward the end of the session, we also saw a strong bearish 15m candle.
For today, the safer approach is to wait for a pullback into the 24,973 – 24,929 zone and look for a bullish rejection candle there. The higher-timeframe trend for this week remains bullish, and since today is Thursday, it’s better not to trade against the trend. If the setup doesn’t align, we simply skip the trade just like we did last Thursday.
Yesterday, price tested our HTF POI and showed a slight rejection. Toward the end of the session, we also saw a strong bearish 15m candle.
For today, the safer approach is to wait for a pullback into the 24,973 – 24,929 zone and look for a bullish rejection candle there. The higher-timeframe trend for this week remains bullish, and since today is Thursday, it’s better not to trade against the trend. If the setup doesn’t align, we simply skip the trade just like we did last Thursday.
Note
the exact point of 25139 has acted strong resistance,Note
when price get rejected from HTF its liked to find HTF support demand zone , so HTF demand zone is around 24664-24596
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.