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#GateSquareAprilPostingChallenge Be careful, Monday could get very tricky🚨☠️
First, let’s talk about the market. There is a strong chance we see a short-term reversal. The reason is simple . Trump had already given Iran a deadline, and if they don’t comply, he threatened to strike. Now that the deadline is close, the market is watching very closely… will he actually do it?
But if we look at his past behavior, many times he steps back at the last moment. So there is a good chance that from Monday night into early Tuesday, he might “Taco” again. If that happens, the market can bounce hard.
However, zoom out a little
the overall trend is still bearish. The war is ongoing, uncertainty is high, and conditions are still weak. So even if we get a bounce, it will most likely be temporary. A real bullish reversal will only come when we see a proper ceasefire confirmation between the US and Iran.
Now coming to the trading plan.
We were looking for shorts near resistance, and that idea worked perfectly.
We opened our short from 67,300 to 67,700, and the trade has already gone into profit.
Now it’s time to book profits and stay patient for the next setup.
Next key resistance is around 69,200, which I will be watching for another potential short opportunity. 71,500 is the higher level, but for now, the focus remains on the closer resistance.
So overall, the plan is simple: bearish bias because of the war, stay alert for a sudden bounce if Trump backs down, and trade level by level without forcing entries.
We stay calm, we take profits, and we wait for the next clean move.