Community discussions
Into the bell we’re pressing the 6,725–6,735 shelf from below. My base case for the first 30 minutes is a quick sweep through 6,735 into 6,740–6,747, then a 5-minute rejection that rotates down to 6,720 and tags the 6,701–6,705 magnet. That keeps the rebound honest before the next decision.
Invalidation for this view: two firm 5-minute closes above 6,740 with the pullback holding 6,735 as support. If that happens, expect a squeeze toward 6,758–6,765 before 10:00 ET.

SELL EVERYONE
trade at (6726.00)
SL at (6743.00)
TP1 at (6665.00)
TP2 at (6640.00)
Price and LT-5 support expected to meet around 6:30AM EST.


As we analyze the current market conditions, we see a pattern of repeated rejection within the range of 6,663 to 6,671 in R1. We've also established a fresh sequence of lower highs on the 1-minute chart below 6,692, which suggests a potential rotation to the downside.
If the price slips below 6,668 and remains below that level on the 5-minute chart, we should anticipate a downward move towards the 6,656 to 6,650 area, with a significant support zone at 6,642 to 6,646 acting as a magnet.
From that point, we could see one of two scenarios: either a quick rebound back to the 6,668 to 6,682 range, or, if we witness failure at S1 with 15-minute closes below that level, we may drive further down towards 6,604. Let's keep these levels in mind as we continue our trading today.

Entry: 6,659–6,663 on the retest.
Stop: 15m wick high above the trigger (+0.25–0.50).
TP1: 6,646–6,642 (S1 / NYAM.L). TP2: 6,604. TP3: 6,571–6,564.