💰 Welcome to Your Channel! Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on US100, dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
💡Previous Analysis Review: In our prior analysis, we forecasted a price retracement to the upside. This expectation was realized, as the price indeed experienced a movement higher.
📍Current Market Overview: At present, the price has swept both the previous week’s low and the previous month’s low. These levels are crucial as they represent key sell-side liquidity areas.
🔍 Identifying Key Levels for Long Scenarios In addition to the fair value gap, there are other critical levels to consider for potential long scenarios, including:
• Buy-Side Liquidity (BSL): A level where buying interest may consolidate. • Previous Week High: A historical resistance level that could serve as support during a retracement. • Volume Imbalance (VI): Areas on the chart where significant volume was traded, often leading to price adjustments. • Daily Fair Value Gap (FVG): Larger time frame imbalances that can influence trading strategy.
📉 Key Considerations There exists additional sell-side liquidity just below the current price on the chart. This could potentially draw the market’s attention, prompting a move toward these levels. However, it’s important to note that the probability of such a move is somewhat diminished after the substantial downward trend that we have witnessed.
📈 Bullish Scenario Current conditions suggest potential long scenarios supported by a fair value gap on the four-hour chart, with upward expansion possible. However, due to the impending NFP news, we will not engage in trades today, but if price moves upward, we will target key levels including BSL, PWH, VI, and FVG. We recommend using lower time frames for more precise entry opportunities.
📉 Bearish Scenario For any potential short scenarios, we require a retracement back to higher levels. This could involve targeting lower time frame levels of resistance or buy-side liquidity that can be taken out before executing a sell. After this maneuver, we would then focus on targeting the sell-side liquidity present on the chart.
📊 Chart Analysis Summary We observed the anticipated retracement in price and noted significant sell-side liquidity levels being tested. Current conditions suggest potential long scenarios, supported by a fair value gap on the four-hour chart along with other key levels, though the likelihood of downward sell opportunities below the chart appears reduced after recent price movements.
🙏 Thank you for joining us! Exploring US100 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.