Monday trading Plan

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Price has been dropping aggressively on Friday, creating a significant displacement to the downside. The area around 2680 is identified as a key supply zone where sellers might step in again.

Bias is on the bearish side and I am expecting a retracement to 2680 (supply zone), followed by a continuation of the downtrend.
A move up to 2680 will allow for liquidity to be swept, and then the price could reverse sharply. BUT things might go differently, this is my main scenario and plan.

Next Steps:

Look for longs as price will approach 2680 OR just wait patiently to see if it happens.

Once at 2680 level watch for signs of reversal like a liquidity sweep, bearish market structure shift (MSS), and the FVG being respected.
Target lower prices, ideally back to opening price around 2640 and ideally 2600 but that might only be later on today maybe during New York.

This is MY main trade idea for today, I am waiting for the retracement and the drop. If price doesn't reach 2680 or shows signs of reversal earlier, I will adapt accordingly.

Trade safe!
Giao dịch đang hoạt động
I think the plan is still playing out, I already took a 45 pips scalp from the bottom. Keep watching the structure if you did too, I will update at Frankfurt open.
Ghi chú
Taking longer than expected to be honest but I still think that we are heading towards the target, NYSE might take it there as I now expect London to be London and range for the next 4 hours.
Giao dịch được đóng thủ công
Alright, price only went up half way and stopped at the 2664 resistance, new day, new plan, observe and adjust always!!
Supply and DemandSupport and ResistanceTrend Analysis

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