3AUG2023 1230PM FCPOV23 Buyer and seller in balance
Daytrading analysis.
15-minute timeframe is my trading timeframe (TTF), while 4-hour is my higher timeframe (HTF). The 15-minute price structure is a bit choppy, indicating a balance between supply and demand. A potential trading location is at zone 3822. I'm looking for the 15-minute price to fall heavily and slightly chop outside 3822, and then I'll try to play scalping.
Summary - Look for long setup at zone 3822 if price spike down strongly.
15-minute timeframe is my trading timeframe (TTF), while 4-hour is my higher timeframe (HTF). The 15-minute price structure is a bit choppy, indicating a balance between supply and demand. A potential trading location is at zone 3822. I'm looking for the 15-minute price to fall heavily and slightly chop outside 3822, and then I'll try to play scalping.
Summary - Look for long setup at zone 3822 if price spike down strongly.
Comment:
Note that we need quick confirmation for scalping, if buyer is there, we shall see quick rejection. Trade outcome expectation should be conservative.
Comment:
Price rise up to 3846 without much hesitation.
Do not be too greedy on scalp position. We should act quickly when we see quick profit on scalp position.
Do not be too greedy on scalp position. We should act quickly when we see quick profit on scalp position.