🔎 1/ Fundamental Analysis
🟥 Political tensions:
• The US increases pressure on Russia through energy sanctions. This could lead to trade retaliation, negatively affecting the economy.
🟥 Interest rate policy:
• Interest rates are likely to remain unchanged until June, limiting the amount of money injected into the market – causing concern.
🟥 CPI data next week:
• Inflation is the biggest determinant of interest rate policy. Forecasts show that inflation is likely to increase again, continuing to put pressure on the market.
💡 Basic conclusion:
The market faces a less optimistic sentiment due to increasing economic and political risks.
📊 2/ Technical Analysis
🔵 W (Weekly) Frame:
• This week closed with a long-tailed, long-bodied candle – a strong bearish sign.
🔵 D (Daily) Frame:
• The bearish structure was confirmed after Friday's trading session.
🔵 H1 (Hourly) Frame:
• The bearish price structure is clear: consecutive lower highs, the support trendline is broken.
💡 Summary:
All three timeframes are supporting the downtrend.
📈 3/ Trading Plan
🟢 Correction strategy:
• Support zone: 5676~5750.
👉 Wait for price reaction at this zone to find an opportunity to enter the order.
⚠️ Note: The weekly candle closes badly, profit expectations should not be too high. Do not rush to catch the bottom!
🔴 Trade in the direction of the trend:
Resistance zone: 5890~5915.
👉 Plan: Wait for the price to react at the resistance zone to enter a sell order in the direction of the trend.
🎯 Profit target: 5680 - strong support zone.
❓ Which side are you on - BULL or BEAR?
💬 Leave a comment to discuss and exchange!
🟥 Political tensions:
• The US increases pressure on Russia through energy sanctions. This could lead to trade retaliation, negatively affecting the economy.
🟥 Interest rate policy:
• Interest rates are likely to remain unchanged until June, limiting the amount of money injected into the market – causing concern.
🟥 CPI data next week:
• Inflation is the biggest determinant of interest rate policy. Forecasts show that inflation is likely to increase again, continuing to put pressure on the market.
💡 Basic conclusion:
The market faces a less optimistic sentiment due to increasing economic and political risks.
📊 2/ Technical Analysis
🔵 W (Weekly) Frame:
• This week closed with a long-tailed, long-bodied candle – a strong bearish sign.
🔵 D (Daily) Frame:
• The bearish structure was confirmed after Friday's trading session.
🔵 H1 (Hourly) Frame:
• The bearish price structure is clear: consecutive lower highs, the support trendline is broken.
💡 Summary:
All three timeframes are supporting the downtrend.
📈 3/ Trading Plan
🟢 Correction strategy:
• Support zone: 5676~5750.
👉 Wait for price reaction at this zone to find an opportunity to enter the order.
⚠️ Note: The weekly candle closes badly, profit expectations should not be too high. Do not rush to catch the bottom!
🔴 Trade in the direction of the trend:
Resistance zone: 5890~5915.
👉 Plan: Wait for the price to react at the resistance zone to enter a sell order in the direction of the trend.
🎯 Profit target: 5680 - strong support zone.
❓ Which side are you on - BULL or BEAR?
💬 Leave a comment to discuss and exchange!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.