In weekly timeframe we’re headed to a supply zone, considering also the analysis on 1d and 4h, its very likely that that supply zone will be reached. Its a risky trade!!
Simple strategy: —> liquidity sweep at LL —> then wait for a CHoCH —> after this enter the trade on re-test —> for TP target the next supply zones or a major one
This is only for analysis & educational purposes!!
📊 Technical Analysis: First Steps Every Trader Should Learn
🚨 90% of Beginners Ignore This
Most new traders jump into the market without understanding the basics, jumping directly to different strategies and lots of indicators. Don’t be one of them.
Instead, if you’re just starting out, start with this:
🔹 Understand Candlesticks First Before anything else, learn what a candlestick is: Body = open & close Wicks = high & low
🔹 Unterstand what a Trend is & types of Trend “The trend is your friend.” Always identify market direction first.
🔹 Master Support & Resistance Key levels where price reacts — crucial for entries and exits.
🔹 Learn Basic Market Structure Higher highs & higher lows = uptrend Lower highs & lower lows = downtrend Structure tells you what the market is really doing.
🔹 Keep Indicators Simple RSI & MACD are enough. Don’t overload your charts.
🔹 Use Fibonacci as a Tool Fibonacci retracement helps identify potential pullback zones and entries — especially in trending markets.
👉 Reality Check: Trading isn’t about being right — it’s about being consistent and thinking in probabilities!
In the daily timeframe price return to a very aggressive order block, therefore its a good buying opportunity since we know that most of the time the price will react from key levels!